quits
Pronunciation:
/kwɪts/verb
Definitions
To pay (a debt, fine etc.).
To repay (someone) for (something).
To repay, pay back (a good deed, injury etc.).
To conduct or acquit (oneself); to behave (in a specified way).
adjective
Definitions
On equal monetary terms; neither owing or being owed.
Example: Here's the last of the money you lent me. We're quits now, right?