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2 definitions found
 for chad box
From The Jargon File (version 4.4.7, 29 Dec 2003) :

  chad box
   n.
  
      A metal box about the size of a lunchbox (or in some models a large
      wastebasket), for collecting the chad (sense 2) that accumulated in Iron
      Age card punches. You had to open the covers of the card punch
      periodically and empty the chad box. The bit bucket was notionally the
      equivalent device in the CPU enclosure, which was typically across the room
      in another great gray-and-blue box.
  

From The Free On-line Dictionary of Computing (18 March 2015) :

  chad box
  chip box
  
      ({IBM called this a "chip box") A metal box about
     the size of a lunchbox (or in some models a large
     wastebasket), for collecting the chad that accumulated in
     Iron Age card punches.  You had to open the covers of the
     card punch periodically and empty the chad box.
  
     The bit bucket was notionally the equivalent device in the
     CPU enclosure, which was typically across the room in
     another great grey-and-blue box.
  
     [{Jargon File]
  
     (1996-11-20)
  

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