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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While Fred will be missed by many as he backs away from day-to-day duties, he will not be far away as he will continue on as a special consultant to Bowhunter Magazine.
Fred Wallace Steps Down
Bok describes this well, but unfortunately backs away from anything too radical, allowing Cass Sunstein and a handful of law professors to make the argument for governmental regulation for her In the face of the carnage she so vividly conjures, Boles solutions are surprisingly tepid and familiar: We must trust in conscience and private-sphere solutions, such as more self-scrutiny and restraint on the part of journalists and producers, more responsibility and fortitude from parents, and the V-chip.
Mayhem: Violence as Public Entertainment
And the contemptuous treatment of refugees is just part of a disturbing larger pattern, as the Clinton Administration backs away from its campaign pledges to defend human rights.
Hold the wretched refuse

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