noun
a state of ending or stopping something
adverb
completely; entirely
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After months of negotiation, the two parties decided to call it quits and end the contract.
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I think it's time for us to call it quits and move on from this argument.
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I heard they finally decided to throw in the towel and call it quits.
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Sometimes it's best to quit while you're ahead and call it quits before things get worse.