noun
the act of renewing or the state of being renewed
verb
to make something new or fresh again; to revive or restore
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The company decided to renew their contract with the supplier for another year.
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I think it's time to renew our gym membership before it expires.
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I gotta renew my Netflix subscription so I can keep binge-watching my favorite shows.
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After a long winter, the flowers began to renew and bloom again in the spring.