Chits

Chits, plural of chit, refer to small pieces of paper or card, often used for various purposes, including identification, recording transactions, or as IOUs. They can also represent small coupons or vouchers. Historically, 'chit' had applications from record-keeping to military and domestic activities. The value and function of a chit vary significantly depending on context. They are generally understood to represent a claim, a debt, or a right to something, such as goods, services, or information. Modern usage also extends to simple handwritten notes or informal memoranda.

Chits meaning with examples

• At the canteen, each soldier received chits to track their daily meals and purchases, making budgeting much simpler. When you collected a chit, you would get your meals for free.
• The museum offered visitors chits for free access to the audio tour, promoting more engagement with exhibits. This incentive encourages a more inclusive museum experience.
• During the poker game, players used chits instead of cash to facilitate betting and avoid disputes about the exact amounts wagered on each hand. Each player would get chits at the start.
• The accounting department meticulously filed all the received chits as proof of expenses, maintaining accurate financial records for audit purposes. These chits helped with tax filings.
• The project manager distributed chits amongst the team to claim office supplies from the storage room, streamlining procurement. They would get chits when they ran out of supplies.