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We have invested too much to back down now.

Their demands were getting bigger with no signs of backing down

They backed down once they saw we weren’t budging.

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The merger was called off

I’ll have to call off the meeting.

We’re going to have to do away with free coffee.

The meeting was called off due to the weather.

John will have to call off the negotiation if his financing falls through.

Calling off the meeting was necessary due to lack of planning.