Meaning Of Chip

v. t.

To cut small pieces from; to diminish or reduce to shape, by cutting away a little at a time; to hew.
v. t.

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

To bet, as with chips in the game of poker.
v. i.

To break or fly off in small pieces.
n.

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

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

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

Anything dried up, withered, or without flavor; -- used contemptuously.
n.

One of the counters used in poker and other games.
n.

The triangular piece of wood attached to the log line.