1. a situation where you get ripped off/shit on. or just when something really shitty happens to you. could be used as a response when someone tells you when something bad happens.
2. someone who is a cheap mother fucker.
"man that guy fuckin chinced you"
"chince, i dropped my lighter"
"guy: yo i got pinched for weed.
buddy: chince."
"dont buy from johny, hes fucking chince"
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