Retrade: meaning, definitions and examples
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retrade
[ ˌriːˈtreɪd ]
business dealings
To retrade means to renegotiate the terms of a contract or agreement after it has been initially agreed upon. This often occurs in the context of financial transactions or real estate deals, where parties may seek to alter the terms due to unforeseen circumstances or changes in market conditions.
Synonyms
reassess, renegotiate, review.
Examples of usage
- The two companies decided to retrade the contract after new information emerged.
- After reviewing the terms, the buyer chose to retrade the agreement for a more favorable deal.
- During the negotiation, they hesitated to retrade any previously settled issues.
Etymology
The term 'retrade' is derived from the prefix 're-', which means 'again' or 'back', combined with the word 'trade', originating from the Old English 'trædian', meaning 'to tread or to negotiate'. The combination reflects the act of going back to the negotiation table to alter previously agreed-upon terms. Although the exact usage of the term in business contexts emerged more prominently in the late 20th century, the concept of renegotiating agreements has existed for centuries in various forms, often influenced by market dynamics, legal considerations, and the evolving relationships between parties. The increase in complex contracts in sectors like real estate, finance, and international trade has also contributed to the prevalence of retrading as a common practice.