Definition of red chip in English:

red chip

noun

US
  • 1A red counter used in gambling, typically representing a lower sum of money than a blue chip.

  • 2Stock Market. A stock considered to be a good investment, but less reliable than a blue chip. Frequently attributive Compare "blue chip".

  • 3Stock Market. The stock of a company based in a communist country, now especially China.

Origin

Mid 19th century; earliest use found in Daily Argus & Democrat (Madison, Wisconsin). From red + chip.

Pronunciation

red chip

/ˌrɛd ˈtʃɪp/