bow_out
1. [ verb ] remove oneself from an obligation
Synonyms: back_off pull_out back_down chicken_out
Examples:

"He bowed out when he heard how much work was involved"

Related terms: retire resile pull_out
2. [ verb ] (work) retire gracefully
Synonyms: withdraw
Examples:

"He bowed out when he realized he could no longer handle the demands of the chairmanship"

Related terms: retire retire withdrawal
Similar spelling:   bout
  bow_tie
  Boutte
  bow_wood