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.