How To Spell chits?
How to Pronounce chits?
Correct pronunciation for the word "chits" is [t͡ʃˈɪts], [tʃˈɪts], [tʃ_ˈɪ_t_s].
What are the misspellings for chits?
"Chits" in context
Chits are a form of credit or debt that is tracked manually, by the use of a written record. This type of debt system is mostly seen in India and other parts of Asia. Chits are typically issued and managed by a set of members who agree to deposit fixed amounts of money into a collective fund. A rotation of members is chosen and issued a portion of the collective money. The funds are collected and redistributed accordingly. Chits are regulated by various regulations set by governmental authorities, outlined in the Indian Chit Funds Act, 1982.
What are similar-sounding words for chits?
Usage over time for chits:
This graph shows how "chits" have occurred between 1800 and 2008 in a corpus of English books.
Nearby words
Resources
Infographic
