renege
Concise Oxford English Dictionary © 2008 Oxford University Press:
renege /rɪˈneɪg, rɪˈniːg/
▶verb
- 1 go back on a promise, undertaking, or contract.
■ archaic renounce or abandon.
- 2 another term for revoke (sense 2).
– derivatives
reneger noun.
reneger noun.
– origin C16: from med. L. renegare, from L. re- (expressing intensive force) + negare ‘deny’.
'renege' also found in these Oxford entries:

