What does renegotiating mean?
Renegotiating refers to the process of discussing or agreeing on the terms of something again, especially after a previous agreement has been reached but not finalized. This can occur in various contexts, including business, diplomacy, and everyday conversation. The term is often used to describe the process of revisiting or reconsidering the terms of a contract, agreement, or other arrangement. Renegotiating can be a complex and time-consuming process, requiring careful consideration and negotiation to reach a mutually acceptable agreement. In some cases, renegotiating may involve revising or updating existing agreements to reflect changing circumstances or new information. Overall, renegotiating is an important concept in many areas of life, and understanding its meaning and application can be helpful in a variety of contexts.
verbTo discuss or agree on the terms of something again, especially after a previous agreement has been reached but not finalized.
- To discuss or agree on the terms of something again, especially after a previous agreement has been reached but not finalized.
"The company is renegotiating the contract with its supplier to get a better price."
"The company is renegotiating the contract with its supplier to get a better price."
"The government is renegotiating the trade agreement with its partner countries."
The plural form of renegotiating is used to refer to multiple instances of renegotiating, such as 'The company is renegotiating several contracts with its suppliers.'
"The company is renegotiating several contracts with its suppliers."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of renegotiating
The word 'renegotiate' comes from the Latin words 're-' meaning 'again' and 'negotiate' meaning 'to discuss or agree on the terms of something'. The term has been in use since the 15th century and has evolved over time to encompass a range of meanings and applications.
Usage notes
Renegotiating can be used in both formal and informal contexts, but it is more commonly used in business and diplomatic settings. It can also be used in everyday conversation to refer to discussing or agreeing on the terms of something again.