Backing Away

Business, Legal & Accounting Glossary

Definition: Backing Away


Backing Away


Full Definition of Backing Away


Withdrawing interest on a valid bid or offer for a given security even though the price and quantity are correct. Backing away is a common practice among broker dealers, but each time a broker dealer backs away they run the risk of violating NASD regulations that govern this type of action.


Cite Term


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https://payrollheaven.com/define/backing-away/
Modern Language Association (MLA):
Backing Away. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2021 https://payrollheaven.com/define/backing-away/.
Chicago Manual of Style (CMS):
Backing Away. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/backing-away/ (accessed: November 29, 2021).
American Psychological Association (APA):
Backing Away. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/backing-away/

Definition Sources


Definitions for Backing Away are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.