Clip
–noun
14. the act of clipping.
15. anything clipped off, esp. the wool shorn at a single shearing of sheep.
16. the amount of wool shorn in one season.
17. clips, (used with a plural verb) an instrument for clipping; shears.
18. film clip.
19. Informal. clipping (def. 2).
20. Informal. a quick, sharp blow: a clip on the jaw.
21. rate; pace: at a rapid clip.
Magazine
1. a publication that is issued periodically, usually bound in a paper cover, and typically contains essays, stories, poems, etc., by many writers, and often photographs and drawings, frequently specializing in a particular subject or area, as hobbies, news, or sports.
2. a room or place for keeping gunpowder and other explosives, as in a fort or on a warship.
3. a building or place for keeping military stores, as arms, ammunition, or provisions.
4. a metal receptacle for a number of cartridges, inserted into certain types of automatic weapons and when empty removed and replaced by a full receptacle in order to continue firing.
5. Also called magazine show. Radio and Television.
a. Also called newsmagazine. a regularly scheduled news program consisting of several short segments in which various subjects of current interest are examined, usually in greater detail than on a regular newscast.
b. a program with a varied format that combines interviews, commentary, entertainment, etc.
6. magazine section.
7. Photography. cartridge (def. 4).
8. a supply chamber, as in a stove.
9. a storehouse; warehouse.
10. a collection of war munitions.
At least this is what dictionary.com says....
There is this though...
cartridge clip
–noun
a metal frame or container holding cartridges for a magazine rifle or automatic pistol.
So who knows...