What does the cryptic crossword clue "Company only renegotiated settlement abroad (6)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Company only renegotiated settlement abroad (6)

Telegraph Prize Cryptic #3141 | 11 Across | 2022-01-02 flower

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