PIP Meaning of PIP in English v.tr. (pipped, pipping) Brit. colloq. 1 hit with a shot. 2 defeat. 3 blackball. pip at the post defeat at the last moment. pip out die. [ PIP(2) or PIP(1) ] Concise Oxford English dictionary. Краткий оксфордский словарь английского языка. 2012