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The Collaborative International Dictionary of English v.0.48 (gcide)

Clip \Clip\ (kl[i^]p), v. t. [imp. & p. p. {Clipped} (kl[i^]pt);
p. pr. & vb. n. {Clipping}.] [OE. cluppen, clippen, to
embrace, AS. clyran to embrace, clasp; cf. OHG. kluft tongs,
shears, Icel, kl[=y]pa to pinch, squeeze, also OE. clippen to
cut, shear, Dan. klippe to clip, cut, SW. & Icel. klippa.]
1. To embrace, hence; to encompass.
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O . . . that Neptune's arms, who clippeth thee
about,
Would bear thee from the knowledge of thyself.
--Shak.
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2. To cut off; as with shears or scissors; as, to clip the
hair; to clip coin.
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Sentenced to have his ears clipped. --Macaulay.
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3. To curtail; to cut short.
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All my reports go with the modest truth;
No more nor clipped, but so. --Shak.
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In London they clip their words after one manner
about the court, another in the city, and a third in
the suburbs. --Swift.
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Clipping \Clip"ping\, n.
1. The act of embracing. [Obs.]
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2. The act of cutting off, curtailing, or diminishing; the
practice of clipping the edges of coins.

Note: This practise was common when precious metals such as
silver or gold were used in commonly circulated major
coins, such as the dime, quarter, and higher
denominations; scoundrels would remove small slivers of
precious metal from the edges of many coins, eventually
accumulating enough precious metal to be worth a
significant sum, while passing on the clipped coins at
their nominal values. After most governments
discontinued coinage in silver and gold in the late
1900's, the practice became obsolete. The serrations,
or milling, at the edges of coins was introduced to
defeat the practice by making the result of clipping
evident. Many coins continued to be made with milled
edges even after the practice of clipping was rendered
pointless by use of non-precious metals in coinage.
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clipping by Englishmen is robbing the honest man
who receives clipped money. --Locke.
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3. That which is clipped off or out of something; a piece
separated by clipping; as, newspaper clippings.
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4. (Football) The act of hitting a player from behind, for
the purpose of blocking. It is illegal in football because
it can lead to injury to the blocked player, who cannot
anticipate the action. A penalty of 10 yards or more may
be assessed against the team of the offending player.
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