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Back Away
(redirected from Backed Away)

   Also found in: Dictionary/thesaurus 0.01 sec.
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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William didn't exactly have a hissy fit but he backed away from the giant snake while laughing and yelling: "Don't
Lewis told a congressional hearing that he had concluded the deal because if Bank of America backed away, "the government could or would remove management and the board.
The Fed's objective is to restart the market for so-called "legacy securities" which investors have backed away from during the financial crisis amid deep distrust about how to asses their value.
 
 
 
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