"quits" in the verb sense

1. discontinue, stop, cease, give up, quit, lay off

put an end to a state or an activity

"Quit teasing your little brother"

2. leave office, quit, step down, resign

give up or retire from a position

"The Secretary of the Navy will leave office next month"

"The chairman resigned over the financial scandal"

3. depart, take leave, quit

go away or leave

4. foreswear, renounce, quit, relinquish

turn away from give up

"I am foreswearing women forever"

5. drop out, give up, fall by the wayside, drop by the wayside, throw in, throw in the towel, quit, chuck up the sponge

give up in the face of defeat of lacking hope admit defeat

"In the second round, the challenger gave up"

"quits" in the adjective sense

1. quits

on equal terms by payment or requital

"we're now quits"

"finally quits with the loan"

Source: WordNet® (An amazing lexical database of English)

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