The Collaborative International Dictionary of English v.0.48:

Reword \Re*word"\, v. t.
   1. To repeat in the same words; to reecho. [Obs.] --Shak.
      [1913 Webster]

   2. To alter the wording of; to restate in other words; as, to
      reword an idea or a passage.
      [1913 Webster]

WordNet (r) 3.0 (2006):

reword
    v 1: express the same message in different words [syn:
         paraphrase, rephrase, reword]