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What is a renegotiation?

What is a renegotiation? Here are some definitions.

Noun
  1. The act of negotiating again.
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Examples
The sponsorship of the hurling championship is up for renegotiation next year.
Another option is always for the buyer to come up with a larger down payment, or renegotiation of the loan terms.
The company would not disclose the reasons for the renegotiation of the deal.
It is actually an illusion to believe that the final document will be opened up for renegotiation in three months or in three years.
But it won't be entirely costless: any forced renegotiation, even a relatively cheap one, may well lead to a higher cost of credit in the future.
The result also includes non-recurring income deriving from the renegotiation of some employee commitments.

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