rə̇ˈn(y)üəl, rēˈ-, -(y)u̇əl also -ül noun
( -s )
Etymology: renew + -al
1. : the act or process of renewing
a renewal of the copyright by the publisher
: repetition
the 15th renewal of the … winter carnival — Springfield (Massachusetts) Union
2. : the quality or state of being renewed
3. : something renewed ; specifically : an expiring agreement (as a library loan or a subscription to a periodical) renewed for an additional period
4. : something used for renewing ; specifically : an expenditure that betters (as by prolonging useful lives, increasing output) existing fixed assets and is usually capitalized in the accounts — usually used in pl; compare repair , replacement
5. : a forbearance from enforcing an obligation (as on commercial paper) in virtue of an agreement by which the obligee relinquishes his right of action for a definite period or until a specified date