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backpedal (v.)

also back-pedal, 1883, in bicycling; see back (adv.) + pedal (v.). Related: Backpedalling (1887).

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Definitions of backpedal from WordNet

backpedal (v.)
pedal backwards on a bicycle;
backpedal (v.)
step backwards, in boxing;
backpedal (v.)
modify one's opinion, make it less strong;
From wordnet.princeton.edu