Definition of back away in English English dictionary
To move in a direction opposite where one is facing, keeping some (or most) of your attention on the thing in front being avoided
(deyim) To act to avoid or lessen one's involvement in something; draw or turn back; retreat
The townspeople backed away from the building plan when they found out how much it would cost.
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
Used 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
If you back away, you walk backwards away from someone or something, often because you are frightened of them. James got to his feet and started to come over, but the girls hastily backed away
If you back away from a commitment that you made or something that you were involved with in the past, you try to show that you are no longer committed to it or involved with it. The company backed away from plans to cut their pay by 15% Until yesterday, Britain had backed away because it didn't like the cost. = retreat
make a retreat from an earlier commitment or activity; "We'll have to crawfish out from meeting with him"; "He backed out of his earlier promise"; "The aggressive investment company pulled in its horns"