Chit/tʃɪt/ Definition 1 of 3Pro Tip 1/3Informal Transactions Used in informal contexts, for small amounts or temporary records, not usually for legal documents. Could you add this to my chit at the coffee shop? Pro Tip 2/3Group Settings Often used among friends or in settings like clubs where accounts are settled later. Let's split the check, just add it to our dinner chit. Pro Tip 3/3Owed Money Reminder Serves as a casual reminder of borrowed money, not a formal demand for immediate payment. Hey, don't forget about the chit you owe me from last week.