Renegotiate - Definition - Law Dictionary Home Dictionary Definition renegotiate

renegotiate

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: to negotiate again (as for more money or to adjust interest rates or repayments)
;specif
: to determine under statutory procedure the existence and amount of excess profits on (a government contract) in order to eliminate or obtain a refund of such profits
vi
: to negotiate again
;specif
: to adjust a government project price in order to eliminate or recover excessive profits
re·ne·go·ti·a·tion [-ni-gō-shē-ā-shən, -gō-sē-]
n