Sample Sentences & Example Usage. Maria Grazia Chiuri: It's not the famous postcard that you normally have of Rome, there's something more intimate, and that's the portrait we like. We also think couture is more intimate because there's a relationship between the client and the atelier. It's one of a kind and the best limited edition you could have.
pip (third-person singular simple present pips, present participle pipping, simple past and past participle pipped) 1  To get the better of; to defeat by a narrow margin He led throughout the race but was pipped at the post. 2  To hit with a gunshot The hunter managed to pip three ducks from his blind.
Traders often use pips to reference gains, or losses. A pip measures the amount of change in the exchange rate for a currency pair, and is calculated using last decimal point. Since most major currency pairs are priced to 4 decimal places, the smallest change is that of the last decimal point which is equivalent to 1/100 of 1%, or one basis point. For a trader to say I made 40 pips on the trade for instance, means that the trader profited by 40 pips. The actual cash amount this represents depends on the pip value. For currency pairs displayed to 4 decimal places, one pip = 0.0001