ORIGINAL: bruce88123
A "balked" landing is an "aborted" landing or a "go-around". In other words, you've thought better of the situation and decided not to complete the landing cycle for whatever reason. Brave (stupid) people land no matter what, smart people go-around and keep their plane in one piece. Naturally, not an option on a dead stick.

I try to have my students landing before they run out of fuel so they can go-around if needed. There is absolutely no shame in admitting you messed up an approach.