Definition

In a state of having settled a debt or obligation, meaning that no one owes anything to the other.

Example

After paying off the loan, I felt that we were finally quits.

Conversation

I finally paid off that loan I took from you last year.

Oh really? That means we're quits now, right?

Yes, I wanted to make sure we were even again.

That's great! Now we can just enjoy our friendship without any debts.

Synonyms & Antonyms

Root Explanation

Quits → The word originates from the Old French *quiter*, meaning to release or set free. It describes the act of freeing oneself from an obligation or responsibility, hence the meaning of stopping or ceasing an activity.

Memory Tip

Think of 'releasing' yourself from something — that's why 'quits' means to stop or cease.

Visually Confused Words