Short Bit Definition

noun

The monetary amount of ten cents.

Wiktionary

Other Word Forms of Short Bit

Noun

Singular:
short bit
Plural:
short bits

Origin of Short Bit

  • With the adoption of decimal US currency in 1794, there was no longer a US coin worth one eighth of a dollar, but two bits retained the meaning of one quarter dollar. Because there was no one-bit coin, a dime (10¢) was sometimes called a short bit and 15¢ a long bit.

    From Wiktionary

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