chate

Originated in Oakville, "Chate" roughly describes a shitty deal or coming up short. The word's namesake was a student at OTHS (Oakville-Trafalgar Highschool) who was known to short-change you when dealing marijuana. It's primarily used by Oakvillians from the east side of town.

The word has come to mean something crappy, or a bad deal (usually for drugs). Originally, it was a guys name. I only met him twice, but it came from guys on his hockey team. His last name was Chater. If you fucked up, you were pulling a chater. It was most often shortened to chate. It then came to be used so much that it was a noun, a verb, and an adjective. Especially if you're from Oakville, read this: http://www.canada.com/ nationalpost/news/story.html ?id=4e8a527c-367f-41cb -8b3f-4e6a9ec5205f&k=30372
you'll have to take out the spaces, it's worth it, you will be ROTFLYFAO

It can be describing a shitty(bad) situation in the maximum and minimum degree. A situation being a person, place, thing or event.

To get ripped off, punked off, back stabbed or just simply chated out

something really shitty or coming up short

Coming from a girl from Oakville (Oakville's where the word was made, you idiot!)...
Chate can mean anything you want it to mean; we use it for pretty much everything.
Mostly, though, people use the word CHATE to describe a crappy deal.

(noun): A little-known fruit whose makeup is a cross between starfruit and cantaloupe.