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renege
US /rɪˈneɡ/
UK /rɪˈneɡ/
1.
go back on a promise, undertaking, or contract
:
•
He
reneged
on his promise to pay back the loan.
•
The company
reneged
on the agreement at the last minute.
:
default
welsh
go back on
break one's word
back out of