A second chance or opportunity to achieve something that was not accomplished previously.

किसी कार्य को पुनः प्रयास करने का दूसरा अवसर

English Usage: After failing to secure the deal last year, the company now has another bite of the cherry.

Hindi Usage: पिछले साल सौदा पक्का न कर पाने के बाद, अब कंपनी को दूसरा मौका मिला है।