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
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
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"
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
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