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English definition of “chit”

chit

noun [C]
 
 
/tʃɪt/ MONEY
a note that shows how much money you owe or have paid for something, or that allows you to do something: Before they can hail a cab or order a bike, staff now need a chit signed by a senior staff member. Each passenger received a chit for $250 in onboard spending.
(Definition of chit from the Cambridge Business English Dictionary © Cambridge University Press)
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