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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He didn't elaborate on which targets Zurich had backed away from in recent months.
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.
As soon as the rattle burst out of a speaker, nearby squirrels backed away, fluffed up their tails, and reared on their hind legs.