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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With Farouk she knows the sex will be special, but he is hesitant and after they do sleep together, he backs away from Sam, makes excuses, and eventually takes up with a girl from his own Iranian background.
Hahn needs some kind of warning alarm attached to him because whenever he is confronted by an issue he immediately backs away from it.
2--Color) BACKING DOWN - Senate leader Trent Lott backs away from earlier statements