short bit
short bit · short bits
The monetary amount of ten centsThe monetary amount of ten cents.
Meaning
1 senses(US, historical)The monetary amount of ten cents.
Origin
With the adoption of decimal US currency in 1794, there was no longer a US coin worth oneWith 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.
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Forms
plural: short bits| Singular | short bit |
|---|---|
| Plural | short bits |
regular