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.