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Feb 18, 2007, 11:37 pm

#7

SanDiego1K

Community Director Emerita

Join Date: Oct 2000

Location: Anywhere warm

Posts: 33,746

Here's one explanation I found online:

Chit
One tradition carried on in the Navy is the use of the word "chit." It is a carry over from the days when Hindu traders used slips of paper called "citthi" for money, so they wouldn't have to carry heavy bags of gold and silver. British sailors shortened the word to chit and applied it to their mess vouchers.