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.
Stanley Tool Works backed away from its plans to relocate offshore last year.
But the council eventually backed away from a ``no-touch'' provision after the adult industry gathered signatures for a public vote.
Stanley Works finally heard the voice of shareholders last year and backed away from plans to reincorporate off-shore.
With criticism over the deal mounting over its cost and escalator provisions if inflation rises, the commission backed away from rubber-stamping the contract - a move that likely will leave the issue for a new commission that the mayor is expected to appoint this week.
For years we've wondered what the attendance would be if the thermometer ever backed away from 90," Ric Heinzen, President of the Gilroy Garlic Festival 2001, said.
Although Majerus quit after less than a week, Floyd backed away before even making his first official act as USC coach.