To cut into small pieces or chips; diminish or disfigure by cutting away a little at a time or in small pieces; hack away. See chipping.In poker, faro, and other games at cards, to bet; lay a wager: as, to chip five dollars (that is, to stake chips representing five dollars).To break or fly off in small pieces, as the glazing in pottery.In poker, to bet a chip: as, I chip.To carp; gibe; sneer.n. A small fragment of wood, stone, or other substance, separated from a body by a blow of an instrument, particularly a cutting instrument, as an ax, an adz, or a chisel.n. Wood, coarse straw, palm-leaves, or similar material split into thin slips and made by weaving into hats and bonnets.n. Anything dried up and deprived of strength and character.n. Specifically— The dried dung of the American bison; a buffalo-chip.n. Nautical, the quadrant-shaped piece of wood attached to the end of the log-line. See log.n. One of the small disks or counters used in poker and some other games at cards, usually of ivory or bone, marked to represent various sums of money.n. A carpenter: commonly in the plural.n. A small wedge-shaped piece of ivory used in rough-tuning a piano.To utter a short, dry, crisp sound, as a bird or a bat; cheep; chirp.n. The cry of the bat.In poker, to bet a counter of the smallest value, in order to keep in the pool until others declare.n. Specifically, in gem-cutting, a cleavage which weighs less than three fourths of a carat.n. In wrestling, a special mode of throwing one's opponent; a trick.n. A quarrel; a falling out; a ‘spat.’