Webster’s Revised Unabridged Dictionary · 1913
Chip
Chip (chĭp), v. 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, v. i. To break or fly off in small pieces.
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.
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 Chip, n., 3. — 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.