Definitions
1.verbTo chop or cut into small pieces."The workers chipped the dead branches into mulch."
2.verbTo break small pieces from."Be careful not to chip the paint."
3.verbTo play a shot hitting the ball predominantly upwards rather than forwards. In association football specifically, when the shot is a shot on goal, the opposing goalkeeper may be the direct object of the verb, rather than the ball.
4.verbTo upgrade an engine management system, usually to increase power.
5.verbTo become chipped."This varnish chips easily."
6.verb(often with "in") To ante (up).
7.verbTo fit (an animal) with a microchip.
8.verb(often with "in") to contribute."Everyone needs to chip in £1 for George's leaving collection"
9.verb(also, to chip at) To make fun of.