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 ?
He didn't elaborate on which targets Zurich had backed away from in recent months.
It's no wonder she backed away from your crass attempts to get your payback.
BY THE 1950s, Federal Bureau of Narcotics Commissioner Harry Anslinger had backed away from his claim that marijuana turns people into murderers.
When the vehicle backed away, the team saw that the ropes were really squid arms, perhaps 4 m long.
State Farm Group said it hasn't backed away from doing business in Mississippi, but it is keeping an eye on the litigation.
Neither he nor his committee backed away from difficult decisions.
In an interview with Entertainment Weekly DeGeneres said ABC gave in to pressure from conservatives and backed away from the sitcom.
We've never backed away from a challenge and achieving the World's Tallest Sandcastle proves that point," said John Rhodes, mayor of the city of Myrtle Beach.
So Santana backed away from his WBC plan, figuring that loyalty to his team and employer was more prudent - except Scioscia claimed that he never suggested Santana not represent his country.
When it backed away, he ran to his house for more ammunition and a flashlight.
Realising that he had lost this encounter Liam slowly backed away and slunk off with his tail between his legs as girlfriend Nicole Appleton looked on.
John Hancock backed away last year from advertising during the Sydney, Australia, games because of a bribery scandal involving the committee.