Definify.com
Webster 1913 Edition
Chip
Chip
(chĭp)
, Verb.
 T.
 [
imp. & p. p. 
Chipped 
(chĭpt)
; p. pr. & vb. n. 
Chipping
.] [Cf. G. 
kippen 
to cut off the edge, to clip, pare. Cf. Chop 
to cut.] 1. 
To cut small pieces from; to diminish 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
,Verb.
 I.
 To break or fly off in small pieces. 
 Chip
,Noun.
 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. 
4. 
Anything dried up, withered, or without flavor; – used contemptuously. 
5. 
One of the counters used in poker and other games. 
6. 
(Naut.) 
The triangular piece of wood attached to the log line. 
Buffalo chips
. See under 
– Buffalo
. Chip ax
, a small ax for chipping timber into shape. 
– Chip bonnet
, Chip hat
a bonnet or a hat made of Chip. See , 3. 
– Chip
, Noun.
A chip off the old block
, a child who resembles either of his parents. 
[Colloq.] 
Milton. 
– Potato chips
, Saratoga chips
thin slices of raw potato fried crisp.