gyp 1
/jip/ , v. , gypped, gypping , n.
v.t. , v.i.
1. to defraud or rob by some sharp practice; swindle; cheat.
n.
2. a swindle or fraud.
3. Also, gypper /jip"euhr/ , gypster . a swindler or cheat.
4. Also called gypsy . an owner of racehorses who also acts as trainer and jockey.
Also, gip .
[ 1885-90, Amer.; back formation from GYPSY ]
gyp 2
/jip/ , n. Brit. Informal.
a male college servant, as at Cambridge and Durham.
[ 1740-50; perh. from GYPSY ]