KIPS /kips/, n. [abbreviation, by analogy with {MIPS} using {K}] Thousands (not 1024s) of Instructions Per Second. Usage: rare.
KIPS /kips/ [by analogy with {MIPS}] Thousands (*not* 1024s) of instructions per second. Usage: rare. [{Jargon File}]
KIPS Kilo Instructions Per Second