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Meaning of quits

quits

Pronunciation: (kwits), [key]
  1. on equal terms by repayment or retaliation.
  2. At 10 o'clock I decided to call it quits for the day.
    1. to end one's activity, esp. temporarily:At 10 o'clock I decided to call it quits for the day.
    2. to abandon an effort.
  3. to agree to end competition and consider both sides equal: It became too dark to continue play and they decided to cry quits.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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