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Chip and Processor

noun

  • A small fragment of something broken off from the whole.
    • usage: "a bit of rock caught him in the eye"
  • A triangular wooden float attached to the end of a log line.
  • A piece of dried bovine dung.
  • A thin crisp slice of potato fried in deep fat.
  • A mark left after a small piece has been chopped or broken off of something.
  • A small disk-shaped counter used to represent money when gambling.
  • Electronic equipment consisting of a small crystal of a silicon semiconductor fabricated to carry out a number of electronic functions in an integrated circuit.
  • Golf) a low running approach shot.
  • The act of chipping something.

verb

  • Break off (a piece from a whole. )
    • usage: "Her tooth chipped"
  • Cut a nick into.
  • Play a chip shot.
  • Form by chipping.
    • usage: "They chipped their names in the stone"
  • Break a small piece off from.
    • usage: "chip the glass"; "chip a tooth"
Chip is a masculine given name

noun

  • A business engaged in processing agricultural products and preparing them for market.
  • Someone who processes things (foods or photographs or applicants etc.. )
  • Computer science) the part of a computer (a microprocessor chip) that does most of the data processing. (
    • usage: "the CPU and the memory form the central part of a computer to which the peripherals are attached"

Processor is a liaison between the loan officer and the funder of a loan. The processor's responsibility is to meet all of the pre-funding conditions of a loan including, gathering all documentation and the clarification of information.