InvestorWords.com
backing away
Definition
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.
Recommended Articles from InvestorGuide.com
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!



