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English definition of “chip”

chip

noun [C] (PLASTIC COIN)    /tʃɪp/
a small plastic disc used to represent a particular amount of money in gambling: figurative The hostages are being held as a bargaining chip by terrorist organizations.Gambling and bookmakingTaking risksForms of money and methods of payment
(Definition of chip noun (PLASTIC COIN) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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