This is mostly business language and used as an intransitive verb: Mr. Johnson is backdealing from the agreement. Explainer culled from the internet: A: Bro how much you selling your Deck? B: $150. A: Deal. POC and time? B: Meet at the Bermuda Triangle at 1 pm. A: Ok. A: Please cancel the deal I don't need the deck anymore. I buy from another guy at $120. In this context, A is backdealing B as he backs out from the agreement that is formed after setting the time and POC.
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