CHIP
Chip, v. t. [imp. & p. p. Chipped; p. pr. & vb. n. Chipping.] Etym:
[Cf. G. kippen to cut off the edge, to clip, pare. Cf. Chop to cut.]

1. To cut small pieces from; to diminsh or reduce to shape, by cutting away a little at a time; to hew. Shak.

2. To break or crack, or crack off a portion of, as of an eggshell in hatching, or a piece of crockery.

3. To bet, as with chips in the game of poker. To chip in, to contribute, as to a fund; to share in the risks or expenses of. [Slang. U. S.]

CHIP
Chip, v. i.

Defn: To break or fly off in small pieces.

CHIP
Chip, n.

1. A piece of wood, stone, or other substance, separated by an ax, chisel, or cutting instrument.

2. A fragment or piece broken off; a small piece.

3. Wood or Cuban palm leaf split into slips, or straw plaited in a special manner, for making hats or bonnets.