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chit (n.1)

"a short letter, note," 1776, short for chitty (1690s), from Mahrati (Hindi) chitthi "letter, note, memorandum," from Sanskrit chitra-s "distinctively marked" (see cheetah).

chit (n.2)

"small child," 1620s, originally "young of an animal" (late 14c.), of uncertain origin; perhaps a playful deformation of kitten, but Middle English Compendium compares Old High German kizzin "kid" and Century Dictionary mentions Old English cið "a shoot, sprout, sprig."

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Definitions of chit from WordNet

chit (n.)
a dismissive term for a girl who is immature or who lacks respect;
she was incensed that this chit of a girl should dare to make a fool of her in front of the class
she's a saucy chit
chit (n.)
the bill in a restaurant;
Synonyms: check / tab
From wordnet.princeton.edu