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gip

[jip]
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verb (used with or without object), gipped, gip·ping, noun
  1. gyp1.
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Related formsgip·per, noun

gyp1

or gip

[jip]
verb (used with or without object), gypped, gyp·ping.
  1. Informal: Sometimes Offensive. to defraud or rob by some sharp practice; swindle; cheat.
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noun
  1. Informal: Sometimes Offensive. a swindle or fraud.
  2. Also gyp·per [jip-er] /ˈdʒɪp ər/, gypster. Informal: Sometimes Offensive. a swindler or cheat.
  3. Also called gypsy. an owner of racehorses who also acts as trainer and jockey.
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Origin of gyp1

1885–90, Americanism; back formation from Gypsy

Usage note

Gyp in the meanings “to swindle” or “a person who swindles” is sometimes perceived as insulting to or by Gypsies, since it stereotypes them as swindlers. However, gyp has apparently never been used as a deliberate ethnic slur, and many people are unaware that it is derived from Gypsy.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for gipped

gip

verb gips, gipping or gipped
  1. a variant spelling of gyp 1
  2. Northern English informal to vomit or feel like vomiting
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noun
  1. a variant spelling of gyp 2
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gyp1

gip

slang
verb gyps, gypping, gypped, gips, gipping or gipped
  1. (tr) to swindle, cheat, or defraud
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noun
  1. an act of cheating
  2. a person who gyps
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Word Origin

C18: back formation from Gypsy

gyp2

noun
  1. British and NZ slang severe pain; torturehis arthritis gave him gyp
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Word Origin

C19: probably a contraction of gee up!; see gee 1

gyp3

noun
  1. a college servant at the universities of Cambridge and DurhamCompare scout 1 (def. 5)
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Word Origin

C18: perhaps from Gypsy, or from obsolete gippo a scullion
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for gipped

gyp

v.

"to cheat, swindle," 1889, American English, probably derived from the colloquial shortening of Gypsy (cf. gip). Related: Gypped. As a noun, "fraudulent action, a cheat," by 1914.

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gip

attested from 1840 as an abbreviation of gypsy (q.v.). Also see gyp. Related: Gipped; gipping.

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Online Etymology Dictionary, © 2010 Douglas Harper

gipped in Medicine

GIP

abbr.
  1. gastric inhibitory polypeptide
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The American Heritage® Stedman's Medical Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.