sip Meaning in the Cambridge English Dictionary
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Meaning of “sip” in the English Dictionary

"sip" in British English

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sipverb [I or T]

uk   us   /sɪp/ (-pp-)
C1 to ​drink, taking only a very ​smallamount at a ​time: This ​tea is very ​hot, so sip it ​carefully. She ​slowly sipped (at) her ​wine.
noun [C] uk   us  
(Definition of sip from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"sip" in American English

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sipverb [T]

 us   /sɪp/ (-pp-)
to ​drink a ​liquidslowly by taking in ​smallamounts at a ​time: He sipped the ​hotcoffee.
noun [C]  us   /sɪp/
He took another sip of ​tea.
(Definition of sip from the Cambridge Academic Content Dictionary © Cambridge University Press)

"SIP" in Business English

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SIPnoun [C]

uk   us  
MANAGEMENT abbreviation for strategic inflection point
FINANCE, STOCK MARKET, HR abbreviation for stock incentive plan or share incentive plan
(Definition of SIP from the Cambridge Business English Dictionary © Cambridge University Press)
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