Source : Webster's Revised Unabridged Dictionary (1913)

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.

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

Source : WordNet®

chiselling
     See {chisel}

chisel
     n : an edge tool with a flat steel blade with a cutting edge
     [also: {chiselling}, {chiselled}]

chisel
     v 1: engage in deceitful behavior; practice trickery or fraud;
          "Who's chiseling on the side?" [syn: {cheat}]
     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}]
     3: carve with a chisel; "chisel the marble"
     [also: {chiselling}, {chiselled}]