noun a withdrawal or retreat from a commitment or agreement
verb to withdraw or retreat from a commitment or agreement
In real estate, to 'back out' refers to a buyer or seller deciding not to go through with a transaction after initially agreeing to it.
In personal relationships, to 'back out' can mean retracting a commitment or promise, causing disappointment or hurt feelings.
In business negotiations, to 'back out' can refer to withdrawing from a deal or agreement before it is finalized.
In sports contracts, to 'back out' can refer to a player reneging on a previously agreed-upon deal with a team.
In investments, to 'back out' can refer to pulling out of a financial commitment or opportunity before it is completed.
In a professional context, 'back out' can be used by a writer to refer to withdrawing from a commitment to write a piece of content, such as an article, book, or script, before completing it.
Psychologists may use the term 'back out' to describe a patient's decision to withdraw from therapy or a treatment plan before it is completed, often due to fear, discomfort, or other personal reasons.
Software developers may use 'back out' to describe the process of reverting changes made to a software system or codebase in order to restore it to a previous working state, typically to address issues or bugs that have been introduced.
In project management, 'back out' can refer to the act of canceling or reversing a planned change, update, or implementation in a project, often due to unforeseen complications, risks, or changes in requirements.
Financial analysts may use 'back out' to describe the process of removing a specific item or factor from a financial calculation or analysis in order to assess its impact or isolate certain variables for analysis.