What is the meaning of "call it even"?

The meaning of "call it even" is:

to decide that something is equal and even


What is the definition of "call it even"?

The definition of "call it even" is:

to decide that something is equal and even



"call it even" means

to decide that something is equal and even

Example Sentence:

A: You owe me $50 for dinner.
B: Well, you owe me $55 for dessert.
A: I think we should call it even. Let’s go to our movie!