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Definition of BLUE CHIP
a: a stock issue of high investment quality that usually pertains to a substantial well-established company and enjoys public confidence in its worth and stability; also: a company that offers such stocks
b: a business or undertaking with an outstanding record or likelihood of profitability
: one that is outstanding: as
a: an outstandingly worthwhile or valuable property or asset
b: an athlete rated as excellent or as an excellent prospect