renewal

Placement of a day order identical to one not completed on the previous day. Bloomberg Financial Dictionary

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renewal re‧new‧al [rɪˈnjuːəl ǁ -ˈnuː-] noun

1. [countable, uncountable] COMMERCE when people arrange for a contract, agreement, deal etc to continue:

• The contract comes up for renewal next year.

• The government can deny license renewals if a station doesn't carry adequate programming for children.

• a six-month renewal option

2. [uncountable] when a company, economy, area etc is changed and improved:

• proposals for economic renewal and growth

ˌcorporate reˈnewal [countable, uncountable] COMMERCE

the process of completely changing a company in order to make it become more successful:

• Consultants were brought into the company to devise and execute a plan of corporate renewal.

ˌinner city reˈnewal also ˌurban reˈnewal [uncountable] ECONOMICS

the process of bringing new jobs, industry, homes etc to the poor areas of large cities:

• The new mayor has made urban renewal his priority.

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renewal UK US /rɪˈnjuːəl/ US  /rɪˈnuːəl/ noun [C or U]

► the act of making an agreement continue for an extra period of time after it has come to an end: »

contract/licence renewals

»

The purchases are subject to annual renewal.

be due for renewal »

If your car tax is due for renewal, do it before Budget day.

► the act or process of making changes to something in order to improve it so that it becomes more successful: »

economic renewal

► a situation in which something begins again after having stopped for a period of time: »

Pharmaceutical shares also benefited from the renewal of interest in growth stocks.

● be/come up for renewal — Cf. come up for renewal

→ See also CORPORATE RENEWAL(Cf. ↑corporate renewal), URBAN RENEWAL(Cf. ↑urban renewal)