renewal

noun | \ ri-ˈnü-əl, -ˈnyü- \ | re·new·al

1. : the act or process of renewing a renewal of the copyright

2. : the quality or state of being renewed

3. : something renewed

4. : something used for renewing; specifically : an expenditure that betters existing fixed assets : an expenditure that betters existing fixed assets

5. : the rebuilding of a large area (as of a city) by a public authority