The phrase "backed out from" is correct and commonly used in written English.
It means to withdraw, retreat, or back away from a situation or commitment. Example sentence: "After realizing the risks involved, he backed out from the deal."
Yahoo! and eBay retreated from China, and Google too has recently backed out from there and moved to Hong Kong.
Update: Balloon backed out from presenting at the last minute.
Similarly, the wage offer distribution F and the offer arrival rates (λ 0,λ 1) are backed out from the productivity distribution of firms and the parameters governing the number of firms and contact rate per firm (N,h f ).
When he backed out from the driveway, and his taillights disappeared, Margo picked up the phone without hesitation.
However a year later, in March 2011, Manchester City Council backed out from funding the stadium, but that they had pledged to help F.C. United build a stadium in a new location with reduced costs.
Another patient (no. 19) experienced hardware loosening, whereby a screw had backed out from a reconstruction plate applied to the acromion, causing irritation to the surrounding tissue.
Did she intentionally omit the fact that she threatened to shoot anyone who tried to back out from escaping?
Ambiguous doctrinal statements are often perceived as self-incrimination, difficult to back out from, even if the nation wants to do so.
We were sitting in the plane, waiting to back out from the gate, while the flight attendants prepared the cabin for takeoff.
Backing out from between two S.U.V.'s doesn't allow drivers to see oncoming traffic from either direction until they are almost completely out of the space.
In a letter to Heartland announcing he was backing out from the conference, Ross McKitrick, a Canadian economist wrote: "You can not simultaneously say that you want to promote a debate while equating the other side to terrorists and mass murderers".
