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call it quits

informal

Definition

to stop doing somethingBorrowing, lending and debt to agree with someone that a debt has been paid and that no one owes anything more: I paid for last week's shopping and you paid for this week's, so let's call it quits.Borrowing, lending and debt
(Definition of call it quits from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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