1. small pieces of paper used as receipts, vouchers, or IOUs
2. young children, especially girls
Usage: informal; sometimes considered outdated

Examples

• The restaurant gave us chits to exchange for our coats.
• He collected all the chits from the poker game.
• The soldiers used chits to buy supplies at the base store.
• She kept her expense chits in a small envelope.
• The little chits were playing in the garden.
• Those chits are too young to understand the situation.