Borrower and Lender

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January 1, 1 6 min read Definitions

Renegotiate Contract Terms Legal Revision Borrower and Lender Mutual Agreement Interest Rates Payment Terms Real Estate Contracts

Renegotiate refers to the process of formally revising the terms of an existing contract between parties, typically to address changes in circumstances, mutual agreement, or to achieve more favorable conditions. This often involves adjustments in areas such as payment terms, interest rates, deadlines, and scope of work.