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

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Backing Away. Payroll & Accounting Heaven Ltd. November 29, 2021
Chicago Manual of Style (CMS):
Backing Away. Payroll & Accounting Heaven Ltd. (accessed: November 29, 2021).
American Psychological Association (APA):
Backing Away. Retrieved November 29, 2021, from website:

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.