Definition of the word chit

The word "chit" has its origins in the Hindi language, where it is written as "चिट" (chit). In Hindi, a "chit" refers to a small piece of paper or a note, often used for writing a message or making a record. The word has been adopted into many other languages, including English, where it refers to a small slip of paper or a memo. In the 17th and 18th centuries, the British East India Company used the word "chit" to refer to a receipt or a promissory note, often used in commercial transactions. This usage of the word was brought back to England, where it evolved to refer to a small piece of paper or a note in general. Today, the word "chit" is still used in many English-speaking countries, particularly in a business or commercial context, to refer to a small piece of paper or a memo.