Merriam-Webster's Collegiate® Dictionary, 11th Edition
CHUTE
I. noun also shute see: chance
Date: 1805
1. fall 6b, a quick descent (as in a river) ; rapid , an inclined plane, sloping channel, or passage down or through which things may pass ; slide , parachute , spinnaker ,
II. verb (chuted; chuting)
Date: 1884
transitive verb to convey by a chute, intransitive verb to go in or as if in a chute, to utilize a chute (as by passing ore down it)