To hesitate or get cold feet; to pause or delay before taking action.
新しい事業に投資するかどうか、彼は二の足を踏んでいる。
He's hesitating about whether to invest in the new venture.
あの契約書の内容では私も二の足を踏んでしまう。
Given the terms of that contract, I'd hesitate as well.
期限が迫っているが、上司は決断をためらって二の足を踏んだままだ。
The deadline is approaching, but the boss is hesitating and still can't decide.