[1] : The Collaborative International Dictionary of English v.0.48

chip \chip\ chi^p, v. t. imp.  p. p. chipped chi^pt;
   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.
      1913 webster

   2. to break or crack, or crack off a portion of, as of an
      eggshell in hatching, or a piece of crockery.
      1913 webster

   3. to bet, as with chips in the game of poker.
      1913 webster

   to chip in, to contribute, as to a fund; to share in the
      risks or expenses of. slang. u. s.
      1913 webster
see also:
chipped chipping chop to chip in 

Chip >> C Words
Chip, definition of term: Chip
chip_pag1.html

Chip Set >> C Words
Chip Set, definition of term: Chip Set
chip+set_pag1.html

Chip In >> C Words
Chip In, definition of term: Chip In
chip+in_pag1.html

Chip Away >> C Words
Chip Away, definition of term: Chip Away
chip+away_pag1.html

Potato Chip >> P Words
Potato Chip, definition of term: Potato Chip
potato+chip_pag1.html

Micro Chip >> M Words
Micro Chip, definition of term: Micro Chip
micro+chip_pag1.html

Buffalo Chip >> B Words
Buffalo Chip, definition of term: Buffalo Chip
buffalo+chip_pag1.html

Blue Chip >> B Words
Blue Chip, definition of term: Blue Chip
blue+chip_pag1.html