Meaning

noun (electronics) a nonlinear electronic circuit whose output is limited in amplitude; used to limit the instantaneous amplitude of a waveform (to clip off the peaks of a waveform)

noun a fast sailing ship used in former times

noun shears for cutting grass or shrubbery (often used in the plural)

originFrom Middle English clipper, equivalent to clip (“cut, shorten”) + -er (suffix forming agent nouns). The type of sailing ship is probably also from clip, in the sense of “move or run rapidly”. Perhaps influenced by Middle Dutch klepper (“swift horse”), from kleppen (“to clap”), which is onomatopoeic.

Etymology from Wiktionary, CC BY-SA 3.0