plural of chap
"The cowboy adjusted his chaps before mounting the horse to protect his legs from the thorny brush."
Protective leather leggings attached at the waist.
Third-person singular simple present indicative form of chap
"The wind chaps at his exposed skin, leaving red marks on his cheeks."
Acronym of clearing house automated payment system: a method of same-day banking transfer.
"The merchant's funds were available immediately after processing through CHAPS, ensuring the urgent payroll was paid on time."