Merriam-Webster's Collegiate® Dictionary, 11th Edition
SNIP
I. noun
Etymology: from or akin to Dutch & Low German snip; akin to Middle High German snipfen to snap the fingers
Date: 1558
1. a small piece that is snipped off, a cut or notch made by snipping, an act or sound of snipping, a white or light mark, a presumptuous or impertinent person, bargain , buy ,
II. verb (snipped; snipping)
Date: 1586
transitive verb to cut or cut off with or as if with shears or scissors , intransitive verb to make a short quick cut with or as if with shears or scissors, snipper noun