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English definition of “renege”

renege

verb [I]     /rəˈneɪɡ/ US   /riˈneɡ/
to fail to keep a promise or an agreement , etc.: Once the highest bid is accepted , a seller can be sued for breach of contract if they renege.renege on an agreement/a deal/a promise The retailer claimed that the cosmetics company reneged on a deal to produce a range of beauty products for them.
(Definition of renege verb from the Cambridge Business English Dictionary © Cambridge University Press)
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