■ adjective on equal terms because a debt or score has been settled.
Phrases
call it ~
1》 agree that terms are now equal.
2》 decide to abandon an activity.
Origin
C15 (in the sense 'freed from a liability or debt'): perh. a colloq. abbrev. of med. L. quittus , from L. quietus , used as a receipt (see quietus ).