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What does tip out mean?

Looking for the meaning or definition of the word tip out? Here's what it means.

Noun
  1. An amount or percentage of a server's tips that the server shares, either voluntarily or as mandated in a tip sharing or tip pooling agreement, with other employees such as bussers, bartenders, back waiters and host/hostesses whose job duties indirectly assist the server.
Verb
  1. For a person who receives tips in the course of their work, to provide a percentage of tips to certain co-workers who support the work done by the waiter.
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