quits

Definition of Quits in English :

1. quits

on equal terms by payment or requital

Example Sentences:
'we're now quits'
'finally quits with the loan'

WordNet Lexical Database for English. Princeton University. 2010.

Quits

adjective (postpositive)

1.

on an equal footing; even

now we are quits

2. call it quits

exclamation

3.

an exclamation indicating willingness to give up

adjective

on even terms, as by discharge of a debt, retaliation in vengeance, etc.

adj.

On even terms with by payment or requital: I am finally quits with the loan.