The Collaborative International Dictionary of English v.0.48:

Quittance \Quit"tance\ (kw[i^]t"tans), n. [OE. quitaunce, OF.
   quitance, F. quittance. See Quit, v. t.]
   1. Discharge from a debt or an obligation; acquittance.
      [1913 Webster]

            Omittance is no quittance.            --Shak.
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   2. Recompense; return; repayment. [Obs.] --Shak.
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The Collaborative International Dictionary of English v.0.48:

Quittance \Quit"tance\, v. t.
   To repay; to requite. [Obs.] --Shak.
   [1913 Webster]

WordNet (r) 3.0 (2006):

quittance
    n 1: a document or receipt certifying release from an obligation
         or debt
    2: payment of a debt or obligation [syn: repayment,
       quittance]