Keyword Analysis & Research: chit

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What does Chit stand for?

chit(noun) a dismissive term for a girl who is immature or who lacks respect. she was incensed that this chit of a girl should dare to make a fool of her in front of the class; she's a saucy chit. check, chit, tab(noun) the bill in a restaurant. he asked the waiter for the check.

What does 'calling in a chit' mean?

A 'chit' is a small piece of paper, often used in basic accounting, to say that someone owes another person a sum of money. Call in one's chit :- In this case, it means 'calling in a favour'.

How does a chit work?

How it works. A chit fund comprises a group of members, called subscribers. An organizer, a company or a trusted relative or neighbor, brings the group together and administers the activities of the group. The organizer is compensated each month for their efforts.

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