This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

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adj. On even terms with by payment or requital: I am finally quits with the loan.

adj. On equal monetary terms; neither owing or being owed.

v. Third-person singular simple present indicative form of quit.

interjection. See the Note under quit, a.

n. See quit, a.

adj. on equal terms by payment or requital

"The recent decision by four veteran House Democrats to call it quits is raising questions about whether more will soon follow as the 2010 political climate grows more threatening in the midterm congressional elections, a year when government and business forecasters are predicting high unemployment and a slow economic recovery."

equal   

quit   

call it quits   

equal    even-steven    all even    even   

quit   

Berlitz    Blitz    Brits    Fitz    Fritz    Grits    Spitz    acquits    admits    befits