The term 'bow out' is a phrase that means to leave or withdraw from a situation. It can be done in a variety of ways, such as exiting, resigning, retiring, opting, or quitting. Each of these words has a different connotation and can be used in different contexts. Exiting is the most general term and can refer to leaving any kind of situation. Resigning is usually used when one is leaving a job or position of some kind. Retiring is used when someone is leaving a job due to age or other factors. Opting is similar to resigning, but it implies that the person had a choice in the matter. Finally, quitting is used when someone is leaving a job or situation abruptly.