Used when someone is afraid to follow through with a decision or action. I wanted to try skydiving, but I got cold feet thinking about jumping out of a plane.
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Informal Usage
Common in casual conversation, but less suitable for formal writing or speech. She was going to move to New York, but she got cold feet and stayed.
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Major Decisions
Often associated with significant life changes or commitments. Tom had cold feet about buying the house, even after signing the contract.