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Related to quits: quilts
On even terms with by payment or requital: I am finally quits with the loan.
[Middle English, probably alteration (influenced by Medieval Latin quittus, quītus, past participle of quītāre, to free) of quit, rid of a debt, from Old French quiter; see quit.]
1. on an equal footing; even: now we are quits.
2. call it quits to agree to end a dispute, contest, etc, agreeing that honours are even
an exclamation indicating willingness to give up
on equal terms by repayment or retaliation.Idioms:
call it quits, to end an activity, relationship, etc.
[1470–80; perhaps < Medieval Latin quittus quit]
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|Adj.||1.||quits - on equal terms by payment or requital; "we're now quits"; "finally quits with the loan"|
equal - having the same quantity, value, or measure as another; "on equal terms"; "all men are equal before the law"