How to Say "Settle a Transaction Fairly" in English: Common Expressions and Examples

In everyday life, we often engage in transactions with friends or acquaintances, and you might find yourself saying, "Alright, let's settle this!" This expression conveys the idea of ending a deal or agreement, even if there are debts involved. Essentially, it means, “Let’s finish this transaction!”

In English, we can express the idea of balancing what is given and received with the phrase, "Balance what is given and received."

shaking hands

So, how can we express this in English? Here are several common phrases used by Americans in similar situations, along with examples to illustrate their use. At the end, I'll also reveal the most popular expression among native speakers.

Common English Expressions for "Settle a Transaction Fairly"

1. Call It Even

This phrase is commonly used to express that all debts or obligations are settled. It implies that there’s no need for further exchanges.

Example 1: Alright, you bought lunch last time, so let’s call it even.
Example 2: Since I helped you move, can we call it even for the favor last week?
Example 3: Let’s call it even after you return the money.

2. Square Up

This phrase means to settle up debts or make sure everything is accounted for. It's often used in casual contexts.

Example 1: Let’s square up the bill before we leave.
Example 2: After this transaction, we’ll square up and move on.
Example 3: If you pay for the drinks, we can square up the rest later.

3. Settle the Score

This expression can imply balancing out debts or resolving conflicts, often used in both literal and figurative contexts.

Example 1: We finally settled the score from that last argument.
Example 2: Let’s settle the score and forget about it.
Example 3: I want to settle the score for that prank you pulled on me.

4. Make It Even

This expression suggests balancing out a situation so that both parties feel satisfied with the outcome.

Example 1: I bought coffee, so you can get lunch to make it even.
Example 2: If I help you with your project, will you make it even by helping me later?
Example 3: Let’s make it even by splitting the costs of the trip.

5. Call It Quits

This phrase indicates that both parties agree to end any obligations or disputes and move on.

Example 1: After all the discussions, let’s just call it quits.
Example 2: If we both agree, we can call it quits right here.
Example 3: Let’s call it quits and stop worrying about it.

Most Common Expression Among Native Speakers

The most commonly used expression in American English for the idea of settling a transaction fairly is "Call it even." This phrase effectively conveys the sense of balancing debts or obligations without further exchanges.

shaking hands