Why In normal multi-hop skip, the wave comes back to Earth between hops and the ground or sea reflection throws away a big chunk of the signal, plus the wave passes through the absorbing D region twice per hop. In chordal hop the signal skips along between ionospheric tilts, refracting from one region to the next without ever touching the ground, so those reflection and extra absorption losses are avoided. The result is unusually strong, low-loss signals over very long paths, which is why transequatorial and long-path openings can sound so good.
Watch out The idea that the MUF is lower is backwards: chordal paths often support higher usable frequencies, and nothing about this mode changes the speed of radio waves or atmospheric noise levels.
Chordal hop = the ionosphere passes the signal along without letting it touch the lossy ground.