The Collaborative International Dictionary of English v.0.48:

Chisel \Chis"el\, n. [OF. chisel, F. ciseau, fr. LL. cisellus,
   prob. for caesellus, fr. L. caesus, p. p. of caedere to cut.
   Cf. Scissors.]
   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.
   [1913 Webster]

   Cold chisel. See under Cold, a.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Chisel \Chis"el\, v. t. [imp. & p. p. Chiseled, or Chiselled
   (?); p. pr. & vb. n. Chiseling, or Chiselling.] [Cf. F.
   ciseler.]
   1. To cut, pare, gouge, or engrave with a chisel; as, to
      chisel a block of marble into a statue.
      [1913 Webster]

   2. To cut close, as in a bargain; to cheat. [Slang]
      [1913 Webster] chiseler

WordNet (r) 3.0 (2006):

chisel
    n 1: an edge tool with a flat steel blade with a cutting edge
    v 1: engage in deceitful behavior; practice trickery or fraud;
         "Who's chiseling on the side?" [syn: cheat, chisel]
    2: deprive somebody of something by deceit; "The con-man beat me
       out of $50"; "This salesman ripped us off!"; "we were cheated
       by their clever-sounding scheme"; "They chiseled me out of my
       money" [syn: cheat, rip off, chisel]
    3: carve with a chisel; "chisel the marble"

Moby Thesaurus II by Grady Ward, 1.0:

160 Moby Thesaurus words for "chisel":
   assemble, autolithograph, bamboozle, be a printmaker, beat,
   beguile of, bilk, block out, bunco, burn, canal, canalize, carve,
   cast, chamfer, channel, character, chase, cheat, chouse,
   chouse out of, cog, cog the dice, con, convert, corrugate, cozen,
   crack, crease, create, crib, cribble, crimp, crosshatch, cultivate,
   cut, dado, defraud, diddle, dike, ditch, do, do in, do out of,
   dupe, efform, enchase, engrave, euchre, extract, fashion, figure,
   finagle, fix, flam, fleece, flimflam, flute, fob, fool, forge,
   form, formalize, found, frame, fudge, furrow, gash, grave, groove,
   grow, gull, gully, gyp, harvest, hatch, have, hew, hocus,
   hocus-pocus, incise, inscribe, insculpture, knead, knock out,
   lay out, lick into shape, line, lithograph, machine, make prints,
   mallet, mark, mill, mine, mint, model, modeling clay, mold, mulct,
   overreach, pack the deal, pare, pigeon, pleat, plow, point,
   practice fraud upon, print, process, pump, rabbet, raise, rear,
   refine, rifle, rook, rough out, roughcast, roughhew, rut, scam,
   score, scrape, scratch, screw, sculp, sculpt, sculpture,
   sell gold bricks, set, shape, shave, shortchange, slit, smelt,
   solder, soldering iron, spatula, stack the cards, stamp, stick,
   sting, stipple, streak, striate, swindle, tailor, take a dive,
   thermoform, thimblerig, throw a fight, tool, trench, trick, trough,
   victimize, weld, work, wrinkle



The Free On-line Dictionary of Computing (30 December 2018):

CHISEL

    An extension of C for VLSI design, implemented
   as a C preprocessor.  It produces CIF as output.

   ["CHISEL - An Extension to the Programming language C for VLSI
   Layout", K. Karplus, PHD Thesis, Stanford U, 1982].

   (2006-09-19)