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1. On equal terms by payment or requital
   "we're now quits"; "finally quits with the loan"

1. Put an end to a state or an activity
   "Quit teasing your little brother";
   - discontinue, stop, cease, give up, lay off, surcease [archaic]
    
2. Give up or retire from a position
   "The Secretary of the Navy will quit next month";
   - leave office, step down, resign
    
3. Go away or leave
   - depart, take leave
    
4. Turn away from; give up
   "I am quitting women forever";
   - foreswear, renounce, relinquish
    
5. Stop trying or participating; admit defeat
   - drop out, give up, fall by the wayside, drop by the wayside, throw in, throw in the towel, chuck up the sponge [US, non-standard]

See also: equal

Type of: abandon, depart, give up, go away, go forth, leave, off [informal], pull up stakes

Encyclopedia: Quits