call it quits Definition

quits
adj

colloq:
1. On an equal footing.
2. Even, especially where money is concerned.

Idiom: call it quits

To agree to stop quarrelling or arguing, etc and accept that the outcome is even.

To agree that a situation, etc is even.
Example: Just give me a fiver and we'll call it quits

Idiom: double or quits

See under double.

Etymology: 15c.