Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • adj. Informal Having nothing due or owed on either side: an even-steven transaction.
  • adj. Informal Having an equal score, as in a game or contest.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • adj. Equal; fair.

Etymologies

even1 + the name Steven, used as rhyming slang.
(American Heritage® Dictionary of the English Language, Fourth Edition)
Possibly reduplicating rhyme from even ("equal"). See also steven ("money") (slang) (Wiktionary)

Examples

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