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renegotiation

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re⋅ne⋅go⋅ti⋅ate

  [ree-ni-goh-shee-eyt] verb, -at⋅ed, -at⋅ing.
Use renegotiation in a Sentence
–verb (used with object)
1. to negotiate again, as a loan, treaty, etc.
2. to reexamine (a government contract) with a view to eliminating or modifying those provisions found to represent excessive profits to the contractor.
–verb (used without object)
3. to negotiate anew.
4. to reexamine the costs and profits involved in a government contract for adjustment purposes.
Origin:
1930–35; re- + negotiate

Related forms:
re⋅ne⋅go⋅ti⋅a⋅ble  [ree-ni-goh-shee-uh-buhl, -shuh-buhl] , adjective
re⋅ne⋅go⋅ti⋅a⋅tion, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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re·ne·go·ti·ate   (rē'nĭ-gō'shē-āt')   
tr.v.   re·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates

  1. To negotiate anew.

  2. To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor.

re'ne·go'ti·a·ble (-shē-ə-bəl, -shə-bəl) adj., re'ne·go·ti·a'tion n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: re·ne·go·ti·ate
Pronunciation: "rE-ni-'gO-shE-"At
Function: transitive verb
: to negotiate again (as for more money or to adjust interest rates or repayments); specifically : 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 intransitive verb : to negotiate again; specifically : to adjust a government project price in order to eliminate or recover excessive profits —re·ne·go·ti·a·tion /-ni-"gO-shE-'A-sh&n, -"gO-sE-/ noun
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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