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English definition of “bit”

bit

noun [C] (COIN)    /bɪt/ old use
UK a coin representing a small amount of money: a threepenny/sixpenny bitForms of money and methods of paymentBritish money US informal a coin worth 12 1/2 cents → Compare two bits
(Definition of bit noun (COIN) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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