gyp; gip
1. noun
1
someone or something that is considered a cheat; someone who does not honour debts and obligations. Abbreviated from 'gypsy'; an unconsidered racial slur. Also Spelt 'gip' US, 1859.
2
in horse racing, someone who owns only a few horses. An abbreviation of 'gypsy'; not derogatory US, 1938.
3
in oil drilling, gypsum US, 1954.
4
pain, actual or figurative. Also 'jyp' UK, 1910
2. verb
to cheat (someone), to swindle US, 1880