Definition of double or quits US double or nothing in English:
A gamble to decide whether a loss or debt should be doubled or cancelled.
- He may even decide to play double or quits - and launch his own takeover bid for another media company.
- The real battle lines are going to be whether folks are ready to give up their SUVs NOW, or whether they want to roll double or nothing on even more extreme impacts in the future.
- Clooney returned it, offering her double or quits by his 50th.
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