the wooden chip of a chip log, for holding the end of the log line.
Origin of log chip
First recorded in 1840–50
Also called log ship, logship.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for log chip
nautical the chip of a chip log
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