re·new /ri-'nü, -'nyü/ vt
1: to make like new: restore to freshness, vigor, or perfection; specif: to prevent the lapse of (a judgment) due to expiration of a statute of limitations
2: to do or state again
renew ed his objection to the evidence
3: to grant or obtain again or as an extension
renew a lease
vi
1: to become new or as new
2: to make a renewal (as of a contract)
re·new·abil·i·ty /-ˌnü-ə-'bi-lə-tē, -ˌnyü-/ n
re·new·able /-'nü-ə-bəl, -'nyü-/ adj
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.