a small piece, part, or quantity of something.
give the duck a bit of bread
a unit of 12 1 / 2 cents (used only in even multiples).
the sideshow admission was twenty-five cents, two bits, the fourth of a dollar
a mouthpiece, typically made of metal, that is attached to a bridle and used to control a horse.
You can also go shopping at the C Quarter Circle Saddlery for saddles, bridles, bits , spurs and much more!
a tool or piece for boring or drilling, typically of metal.
a drill bit
a unit of information expressed as either a 0 or 1 in binary notation.
For example, is it important to discuss computer bits , bytes, disk drives and the like in an agricultural mechanics textbook?