Verb
remove oneself from an obligation
retire gracefully
Source: WordNetYou always have to know when to bow out. You bow out while you are on top. L.A. Reid
Sometimes I think I don't want to grow old as an actress and deal with the fact that I'm getting less jobs 'cause my face is changing, and then the men... But at the same time, I'm pretty competitive. I don't know if I'd bow out. I might still be acting when I'm in a wheelchair. Kerry Condon
He bowed out when he heard how much work was involved Source: Internet
He bowed out when he realized he could no longer handle the demands of the chairmanship Source: Internet
Billed as a cheap alternative to foreign outsourcing, inmates also previously provided goods to Starbucks, Victoria’s Secret and Whole Foods, sparking an uproar that caused many big-name companies to bow out. Source: Internet
Alas, I think I’ve used up my Righteously Indignant Typing quota for the week, and should probably bow out for now. Source: Internet