I. ˈkwit ə n(t)s noun
( -s )
Etymology: Middle English quitance, quetaunce, from Old French quittance, from quitter to release, quit + -ance — more at quit
1.
a. : the act of freeing or releasing ; specifically : discharge from a debt or an obligation
b. : a document evidencing quittance
2. : recompense , requital
money received in quittance of wrongs
II. transitive verb
obsolete : repay , requite ; also : to give up