Back away


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Back away

In the context of general equities, to withdraw from a previously declared interest, indication, or transaction; broker-dealer's failure, as a market maker in a given security, to make good on a bid/offer for the minimum quantity.

Back Away

To withdraw from a previously stated intent to conduct a certain transaction. For example, if a broker-dealer expresses an interest in buying shares of Stock X and then changes his/her mind, the broker-dealer is said to back away from the transaction.
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References in periodicals archive ?
Foreign bishops, too, could, if they chose, back away from situations that are already inflamed and let the provinces deal with the episcopal oversight of dissenting minorities in their own way.
No pin, no pull lane, on side back away, search the QB.
Many photographers fail to stress either the place or the person -- they would simply back away until both the power lines and man appear in the frame and then push the shutter button.
But if you look at the likes of Australian Rules when two players get involved in a fracas they others actually back away.
Monsanto made media waves last fall as the second major seed company to back away from such technology, following a similar decision by AstraZeneca in June.
The brief emphasized that the court must not back away from the long-established principle that newsletters are entitled to the full measure of protection afforded to the press by the First Amendment.
In January, Payne says the CBC was a coalition leader in forcing the GOP to back away from cutting legal immigrants off Social Security and Medicare rolls.