chiefly Brit, informal : having nothing owed by either side
▪ Here's the money I owed you. Now, we're quits. [=even]
▪ Here's the money I owed you. Now, we're quits. [=even]
call it quits
informal : to quit or end something (such as a job, relationship, or activity)
▪ She decided to call it quits after many years in office. ▪ After eight years of marriage, she and her husband are calling it quits. ▪ I'm ready to call it quits.
▪ She decided to call it quits after many years in office. ▪ After eight years of marriage, she and her husband are calling it quits. ▪ I'm ready to call it quits.
double or quits — see 3double







