Chop can mean:
1. Ending a hand with blinds, where players who have not paid the blinds agree to retract their bets and move directly to the next hand.
2. Ending a hand early where the players agree to retract their bets and move directly to the next hand.
3. Splitting a pot between many winners.
4. The house's cut of the pot, also called the rake.
5. Leaving a table after a big win, also called a hit and run.