renewal
n. C / Un. the act of making something new again or starting it for a fresh period of time. You often use this for things like contracts, library books, or your energy.
n. the act or process of extending the validity of a contract, license, or agreement; also, the restoration of something to a better or more active state.
The library offers an easy online renewal for all borrowed books.
The city council approved the urban renewal project to improve the old downtown area.
The contract is subject to annual renewal, provided that both parties remain satisfied with the performance metrics established during the initial negotiation phase.
From renew + -al.
Uncountable when referring to the abstract process of improvement; countable when referring to a specific instance of extending a document or contract.