Definition of blue chip
1 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
2
:one that is outstanding: such as
a
:an outstandingly worthwhile or valuable property or asset
b
:an athlete rated as excellent or as an excellent prospect
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