Pronunciation: [t͡ʃˈɪt] (IPA) 
The word "chit" can be a bit tricky to spell because it has a unique pronunciation. The IPA phonetic transcription for "chit" is /tʃɪt/. The first sound, /tʃ/, is made by making the "ch" sound, as in "chair," followed by a short "i" sound, /ɪ/. The final sound, /t/, is simply the sound of a "t." So, when spelling "chit," remember to use "ch" for the first sound and "it" for the final sound.
Chit is a noun with multiple definitions depending on the context in which it is used. One common meaning of chit is a small note, memo, or a scrap of paper on which a short message or record is written. It can refer to a quick, informal written communication or a brief memorandum exchanged between individuals to convey information or remind someone of a task or appointment.
Another definition of chit pertains to a voucher or token that entitles the holder to a particular privilege or service. For instance, a chit can be a coupon or ticket that allows entry to an event or attraction or can be exchanged for goods or services. In this context, chit is often associated with a specific benefit or entitlement.
Furthermore, chit is also used to describe a child, particularly in British English, and is often employed in an affectionate or informal manner. It is comparable to terms such as "kid" or "little one."
Lastly, the term chit is occasionally used in the realm of finance to signify a written acknowledgment of a debt or financial obligation, typically of a small amount. It can also refer to a receipt or a record of an expenditure or payment.
A shoot or sprout; a lively child.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "chit" can be traced back to Middle English, where it was originally spelled as "chitte" or "chyte". Its ultimate origin is uncertain, but it is believed to be derived from the Old English word "cyte", meaning "shoot" or "sprout". Over time, the word "chit" took on various meanings and forms, including "an immature insect", "a small note or memo", and "a child". Today, "chit" is commonly used to refer to a small piece of paper or a short written message.
