yup it is a strange word, AB use it, i think balked means changing your intention (probably because you must)
so if you were landing and decide not to then you are now not landing but climbing away ie going around, 'balked landing', balked approach'
but
if you were intending taking off and engine fail before TDP then it means change of plan, now you are landing. 'balked takeoff'
so balked means go around sometimes, other times it means landing
horses do it, and french people using google translate into english use it