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retractile
retraction
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retool

re·tool [ ree tl ] (past and past participle re·tooled, present participle re·tool·ing, 3rd person present singular re·tools)


transitive and intransitive verb 
Definition:
 
1. reorganize something: to reorganize something in order to make it more efficient or powerful
The company will have to retool if it's to remain competitive.

2. refit equipment: to replace the tools or machinery in a factory, or obtain new tools or machinery

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