Meaning of the word "back out of" in English

What does "back out of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

back out of

US /bæk aʊt əv/
UK /bæk aʊt əv/

Phrasal Verb

to decide not to do something that you had promised or agreed to do

Example:
He tried to back out of the deal at the last minute.
You can't just back out of your responsibilities.