Meaning of the word renewals in English

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

renewals

US /rɪˈnuːəlz/
UK /rɪˈnjuːəlz/

Plural Noun

1.

the act of extending the period of validity of a contract, subscription, or license

Example:
•
We need to process all the membership renewals by the end of the month.
•
The company offers automatic renewals for its software licenses.
2.

instances of something being restored or made new again

Example:
•
The spring brought a sense of renewals and fresh beginnings.
•
The city's urban renewals project aims to revitalize old neighborhoods.