back out
v.,informal
To fail to keep a promise; get out of an agreement.
She backed out of her engagement.
(She had promised to marry him, but broke her promise.)
He agreed to help him with the loan, but backed out.
(He agreed to lend him money, but he changed his mind.)
P.S The picture at the top is unrelated.
I couldn't find a picture to represent back out
so I just but a picture of a bear with no hair instead.
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