To renege on something means to break an agreement or promise, usually at the last minute; to go back on one's word or decision; topull out of a deal or contract.
"Reneged" Examples
Usage Examples
The company reneged on its promise to give us a 10% discount on our bulk order. My friend felt betrayed when I reneged on my offer to lend her money. After reconsidering, the government decided to reneged on its plan to increase taxes. The author reneged on his previous statement, contradicting what he wrote in his book. The company reneged on its agreement to sponsor our charity event, leaving us with a significant financial loss.