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cash in (one's) chips cash in (one's) chips1. To exchange one's chips (small discs used to represent money in some betting games, like poker) for money when one is done playing a game. I think I'm going to quit while I'm ahead and cash in my chips.2. By extension, to stop participating in any gathering or activity. Well, it's been fun, fellas, but it's time for me to cash in my chips.3. To leave a gathering and/or go to bed. I have to be up early tomorrow, so I'm going to cash in my chips.4. To die. We were so lucky to avoid that massive accident—we could have cashed in our chips!See also: cash, chipcash in your chips If you cash in your chips, you sell something, such as your investments, in order to raise money. Note: In the following expressions `chips' are the coloured tokens or counters which are used to represent money in casinos. Many investors picked up the phone yesterday, but most decided not to cash in their chips after all. Note: In a casino, if you cash in your chips, you exchange them for money at the end of a gambling session. See also: cash, chipcash in your chips die. informal The counters used in various gambling games are called chips . They are converted into cash at the conclusion of the game.See also: cash, chipcash in your ˈchips (especially American English) 1 finish a gambling game 2 (slang) stop what you are doing and leave: The companies cashed in their chips and moved out of the valley. 3 (slang) dieSee also: cash, chipcash in chips verbSee cash in one’s chipsSee also: cash, chipcash in (one’s) chips and cash in (one’s) checks tv. to die; to finish the game (of life). He opened his eyes, said good-bye, and cashed in his chips. The cowboy sighed softly and cashed in his checks. See also: cash, chip |