1. (n.) A tool with a cutting edge on one end of a metal blade, used in dressing, shaping, or working in timber, stone, metal, etc.; -- usually driven by a mallet or hammer.

2. (v. t.) To cut, pare, gouge, or engrave with a chisel; as, to chisel a block of marble into a statue.

3. (v. t.) To cut close, as in a bargain; to cheat.