Meaning of the word renege in English

What does renege mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

renege

US /rɪˈneɡ/
UK /rɪˈneɪɡ/
"renege" picture

Verb

go back on a promise, undertaking, or contract

Example:
He reneged on his promise to pay back the loan.
The company reneged on the agreement at the last minute.