Definition of call it quits in English:

call it quits

1Agree or acknowledge that terms are now equal, especially on the settlement of a debt: take this check and we’ll call it quits
1.1Decide to abandon an activity or venture: surely, after covering eleven wars, he could be forgiven for calling it quits?
More example sentences
  • The struggling group decided to call it quits after a last ditch effort to recruit new members failed.
  • Although he made an annual ritual of announcing his retirement only to change his mind, he decided to call it quits for good after earning his third World Championship ring in 1974.
  • Following the 1994 season, he decided to call it quits.
See parent entry: quits

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Pronunciation: ˌəʊlɪˈadʒɪnəs
rich in, covered with, or producing oil; oily