renewal
US /rɪˈnuː.əl/
UK /rɪˈnuː.əl/

1.
the act of extending the period of validity of a license, subscription, or contract
:
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I need to process the renewal of my passport before my trip.
•
The library card renewal can be done online.
2.
the process of resuming an activity or state after an interruption
:
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The renewal of diplomatic ties between the two countries was a positive step.
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The spring brings a sense of renewal and new beginnings.