quits

IPA(Pronunciation)

/kwɪts/

Adjective

Britain colloquial not-comparable

(colloquial, Britain) On equal monetary terms; neither owing or being owed.

Japanese Meaning

お互いに借金のない、精算済みの状態 / 金銭面で対等な状況 / 勘定が釣り合っている状態

They shook hands and were quits after settling the debt.

借金を清算して、彼らはおあいこになって握手した。

Sense（1）

(colloquial, Britain) On equal monetary terms; neither owing or being owed.

Here's the last of the money you lent me. We're quits now, right?