backing away


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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.

backing away

The failure of a market maker to honor a previous bid for a minimum quantity of a security. The National Association of Securities Dealers considers backing away to be unethical.
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I don't find it any harder to shoot to 12 o'clock while my body is moving to 3 or 9 o'clock, than to shoot in the same direction while backing away toward 6 o'clock.
Arnold Schwarzenegger's dramatic plans for fiscal and political reform, backing away from earlier assertions that his proposals were virtually dead on arrival.
Tennessee Titans quarterback Steve McNair isn't backing away from comments that he will consider retirement after this season.
But AVC players and coaches aren't backing away from the challenge.
The LAUSD board is not backing away from its goal, nor is it aiming low.
By backing away from many of the contentious spending cuts he proposed in January for taxpayer-funded health care and welfare services for the poor, the Republican governor's revised budget - which does not raise taxes - is much more palatable to the Democrat-controlled Legislature.