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.
The strength of the pound, too much red tape and question marks over payments, are all reasons given by companies that back away from exporting.
Experts advise that if people encounter mountain lions they should face them directly, try to appear large, shout and make noise and back away from the animal.
He would come in to feed them, then back away, forcing the youngsters to reach farther and farther for their food.
102), and then they had to back away. It turned out that they were relying on a calculation that was revealed last December to include a simple arithmetic error.
When I asked Zimmerman why her piece elicited that physical response so familiar to dancegoers and so alien in the theater, her first instinct was to back away from the question.
Environmental Protection Agency (EPA) could ease restrictions that have caused many municipalities and recyclers to back away from handling cathode ray tubes (CRTs) used in computer monitors and televisions.
The Japanese government has said that it normally does not extradite Japanese citizens and the decision to nationalize Aritomi even after details of the charges against him were known is seen as an indication that Japan will not back away from this position.
The recall of millions of Firestone tires has been a huge financial hit for Ford, and has prompted Wall Street analysts to back away from the stock.
Dot-com entrepreneurs and internal leaders of Internet initiatives will quickly back away from researchers they perceive as objecting to new ideas.