clipper

noun

• 1 (also clippers) an instrument for cutting or trimming small pieces off things:hedge clippers

• 2 (also clipper ship) a fast sailing ship, especially one of 19th-century design with concave bows and raked masts: the Cutty Sark, a tea clipper built in 1869

• 3 Electronicsanother term for limiter.
• (also clipper chip) a microchip which inserts an identifying code into encrypted transmissions that allows them to be deciphered by a third party having access to a Government-held key.