quits /kwɪts/
adjective informal[
Date: 1600-1700;
Origin: Probably from quit 'free of'; ⇒ quite]
1. be quits British English if two people are quits, neither one owes anything to the other
Synonym : straight:
I’ll give you £10, and then we’re quits.2. call it quits a) to agree that a debt or argument is settled:
Just give me $20 and we’ll call it quits. b) to stop doing something:
After 25 years as a teacher, he’s decided to call it quits. [TahlilGaran] Dictionary of Contemporary English ▲