renewal

Word: RENEWAL

Context Sentence: We like to reward careful homeowners, so if you haven't claimed for three or more years, we promise to beat your renewal quote.

Source: an advertisement for Churchill Insurance Company Limited.

Definition: 1 when an activity, situation, or process begins again after a period when it had stopped renewal of a renewal of the recent conflict Spring is a time of renewal. 2 when you make an agreement or official document continue for a further period of time after it ends renewal of the renewal of our annual licence Mark's contract comes up for renewal at the end of this year. 3 inner city/urban renewal when the poor areas of towns are improved by making new jobs, industries, homes etc