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Definitions of tip out:
  • noun:   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:   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.

(Definitions from Wiktionary)

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