"renews" in the verb sense
1. regenerate, renew
reestablish on a new, usually improved, basis or make new or like new
"We renewed our friendship after a hiatus of twenty years"
"They renewed their membership"
2. reincarnate, renew
cause to appear in a new form
"the old product was reincarnated to appeal to a younger market"
Source: WordNet® (An amazing lexical database of English)
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