Etymology
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renegotiate (v.)

also re-negotiate, "negotiate (a contract, treaty, etc.) again or anew," 1844, from re- "again" + negotiate (v.). Related: Renegotiated; renegotiating; renegotiation.

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Definitions of renegotiate

renegotiate (v.)
negociate anew;
Synonyms: renegociate
renegotiate (v.)
revise the terms of in order to limit or regain excess profits gained by the contractor;
Synonyms: renegociate
From wordnet.princeton.edu