Company only renegotiated settlement abroad (6)
I believe the answer is:
colony
'settlement abroad' is the definition.
I can't tell whether this defines the answer.
'company only renegotiated' is the wordplay.
'company' becomes 'co' (abbreviation).
'renegotiated' indicates an anagram.
'only' with letters rearranged gives 'lony'.
'co'+'lony'='COLONY'
Can you help me to learn more?
(Other definitions for colony that I've seen before include "Community" , "Beavers' group" , "Country controlled by another's settlers" , "It is settled" , "New settlement abroad" .)