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English definition of “quits”


adjective     /kwɪts/ informal
be quits to not owe money to someone or to each other now: I paid for the tickets and you bought dinner so we're quits, I reckon. Am I quits with you now?Borrowing, lending and debt
(Definition of quits adjective from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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