what is the meaning of reneged
âº 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 ârenegeâ from the Cambridge Business English Dictionary Â© Cambridge University Press) Translations of ârenegeâ.