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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Backing Away

Definition:

What you do when talking with someone who has wicked halitosis.

In the financial world, backing away means making an offer and then changing your mind. It violates a bunch of rules and gives the market maker a bad name so others don't want to do business with them any more.

Example

A market maker offers to buy 100,000 shares of MSFT from you at $26.12... and then changes their mind.