A word used for the notorious rapper Mac Dre, who sadly passed away. The abbreviation means "Thizz in peace" for Mac Dre, as he used to pop hella thiiiizzzz.
Goon #1 "Man i just got into hyphy music! Mac Dre is legit!
Goon #2 "Sheeeeit, Mac Dre has been aroundfor days! All i can say to you Mac Dre is T.I.P (THIZZINPEACE)
Trade In Peace. A term coined by redditors on WSB (wall street bets) to express sorrow over stock and option trades ending "in the red" (in loss - also known as loss porn).
"My NIO call just expired 11/5. Totally ended in red and I lost over 38k and my life savings. I posted it on WSB though for the loss porn, so at least those freaks can get off to it."
"Damn brother, I'm sorry about that, T.I.P."