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What does renegotiable mean?

Looking for the meaning or definition of the word renegotiable? Here's what it means.

Adjective
  1. Able to be renegotiated.
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Examples
This compensation should be flexible and renegotiable in order to be able to respond easily to changing situations.
Specific types include the renegotiable rate mortgage and the variable rate mortgage.
Such autonomy would be renegotiable after a certain period.
For example, suppose the transfer price is ambiguous or renegotiable.
Currently the seller does not receive any revenue from gas sales however the Lease is renegotiable.
All contracts are renegotiable if one of the parties has sufficient leverage.

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