renegociate
Học thuậtThân thiện
Definition
Verb: 1. To revise the terms of an agreement, contract, or deal: To negotiate again or alter the existing conditions, often to adjust to new circumstances or to limit/regain excess profits. 2. To negotiate anew: To enter into fresh negotiations over the same subject.
Usage and Examples
- The union and management agreed to renegociate the labor contract after the company's financial situation changed.
- Countries may renegociate trade agreements to reflect new economic realities.
- The film studio had to renegociate the actor's contract following the success of the first movie.
Advanced Usage
- Financial Context: The term is frequently used in finance and business regarding loans, debts, or contracts where terms like interest rates or payment schedules are revised.
- The government allowed struggling homeowners to renegociate their mortgages.
- Formal/Diplomatic Context: Used in international relations or legal settings concerning treaties or agreements.
- The two nations met to renegociate the terms of the peace treaty.
Variants and Related Words
- Renegotiate: This is the more common and standard modern spelling of the same word. "Renegociate" is a variant form.
- Renegotiation (n): The act or process of renegotiating.
- The renegotiation of the deal took several months.
Synonyms
- Reopen negotiations: To start discussing terms again.
- Revise the terms: To change the conditions of an agreement.
- Restructure: To organize differently, often financially.
- Modify the agreement: To make partial changes to a deal.
Related Phrasal Verbs/Idioms
- Go back to the drawing board: To start planning something again from the beginning, often because the first plan failed. This is related in concept but not a direct phrasal verb for "renegociate."
- After the proposal was rejected, they had to go back to the drawing board. (This implies a need for fresh negotiations or planning).
Verb
- revise the terms of in order to limit or regain excess profits gained by the contractor
- We renegociated our old mortgage now that the interest rates have come down
- negociate anew
- The two warring parties will have to renegociate