The Collaborative International Dictionary of English v.0.48:

Chalk \Chalk\ (ch[add]k), n. [AS. cealc lime, from L. calx
   limestone. See Calz, and Cawk.]
   1. (Min.) A soft, earthy substance, of a white, grayish, or
      yellowish white color, consisting of calcium carbonate,
      and having the same composition as common limestone.
      [1913 Webster]

   2. (Fine Arts) Finely prepared chalk, used as a drawing
      implement; also, by extension, a compound, as of clay and
      black lead, or the like, used in the same manner. See
      Crayon.
      [1913 Webster]

   Black chalk, a mineral of a bluish color, of a slaty
      texture, and soiling the fingers when handled; a variety
      of argillaceous slate.

   By a long chalk, by a long way; by many degrees. [Slang]
      --Lowell.

   Chalk drawing (Fine Arts), a drawing made with crayons. See
      Crayon.

   Chalk formation. See Cretaceous formation, under
      Cretaceous.

   Chalk line, a cord rubbed with chalk, used for making
      straight lines on boards or other material, as a guide in
      cutting or in arranging work.

   Chalk mixture, a preparation of chalk, cinnamon, and sugar
      in gum water, much used in diarrheal affection, esp. of
      infants.

   Chalk period. (Geol.) See Cretaceous period, under
      Cretaceous.

   Chalk pit, a pit in which chalk is dug.

   Drawing chalk. See Crayon, n., 1.

   French chalk, steatite or soapstone, a soft magnesian
      mineral.

   Red chalk, an indurated clayey ocher containing iron, and
      used by painters and artificers; reddle.
      [1913 Webster]

WordNet (r) 3.0 (2006):

chalk pit
    n 1: a quarry for chalk [syn: chalkpit, chalk pit]