- fourpence; in America a 12-1/2 cent piece is called a BIT, and a defaced 20 cent piece is termed a LONG BIT. A BIT is the smallest coin in Jamaica, equal to 6d. BIT usually means the smallest silver coin in circulation; also a piece of money of any kind. Charles Bannister, the witty singer and actor, one day meeting a Bow Street runner with a man in custody, asked what the prisoner had done; and being told that he had stolen a bridle, and had been detected in the act of selling it, said, “Ah, then, he wanted to touch the BIT.”
More About bitPosition in the dictionary: 187 of 4022 slang words.
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