short bit
nounEtymology 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.
1
US, Historical The monetary amount of ten cents.
- Coordinate terms
- long bit