gip vs gyp

gip and gyp both are nouns.

Word	Noun	Adjective	Verb	Adverb
gip	Yes	No	Yes	No
gyp	Yes	No	Yes	No

As nouns, gip and gyp are synonyms defined as:

As verbs, gip and gyp are synonyms defined as:

gip (noun)	gyp (noun)
(sometimes offensive) an act of swindling or cheating	(sometimes offensive) an act of swindling or cheating

gip (verb)	gyp (verb)
(sometimes offensive) to cheat or swindle	(sometimes offensive) to cheat or swindle