BIT

n. single basic unit of information (Computers)

n. small piece; small coin; drill; part of the bridle in a horses mouth

v. grip with the teeth; take bait, eat a lure

BIT is an acronym for:Bannari amman Institute of TechnologyBangalore Institute of TechnologyBeijing Institute of TechnologyBenzisothiazolinoneBilateral Investment TreatyBhilai Institute of Technology - DurgBirla Institute of Technology - MesraBattles in Time (Doctor Who magazine)BIT International College, formerly the Bohol Institute of Technology in Bohol, PhilippinesBusiness Information TechnologyBuried in Time, a computer game.
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A bit is a binary digit, taking a value of either 0 or 1. For example, the number 10010111 is 8 bits long, or in most cases, one modern PC byte. Binary digits are a basic unit of information storage and communication in digital computing and digital information theory. Information theory also often uses the natural digit, called either a nit or a nat. Quantum computing also uses  qubits, a single piece of information with a probability of being true.
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Bit 1. the detachable piercing piece of a drill. 2. the metal part of the bridle that goes into the horse's mouth and over the tongue; used to [more]Bit - Community and Resources

Noun
1. a small quantity; "a spot of tea"; "a bit of paper"
(synonym) spot
(hypernym) small indefinite quantity, small indefinite amount
(classification) United Kingdom, UK, Great Britain, GB, Britain, United Kingdom of Great Britain and Northern Ireland
2. a small fragment of something broken off from the whole; "a bit of rock caught him in the eye"
(synonym) chip, flake, fleck, scrap
(hypernym) fragment
(hyponym) matchwood
3. an indefinitely short time; "wait just a moment"; "it only takes a minute"; "in just a bit"
(synonym) moment, minute, second
(hypernym) time
(hyponym) blink of an eye, flash, heartbeat, instant, jiffy, split second, trice, twinkling, wink, New York minute
4. an instance of some kind; "it was a nice piece of work"; "he had a bit of good luck"
(synonym) piece
(hypernym) case, instance, example
5. piece of metal held in horse's mouth by reins and used to control the horse while riding; "the horse was not accustomed to a bit"
(hypernym) stable gear, saddlery, tack
(hyponym) bar bit
(part-holonym) bridle
6. a unit of measurement of information (from Binary + digIT); the amount of information in a system having two equiprobable states; "there are 8 bits in a byte"
(hypernym) unit of measurement, unit
(hyponym) parity bit, parity, check bit
(part-holonym) byte
7. a small amount of solid food; a mouthful; "all they had left was a bit of bread"
(synonym) morsel, bite
(hypernym) taste, mouthful
(hyponym) chew, chaw, cud, quid, plug, wad
8. a small fragment; "overheard snatches of their conversation"
(synonym) snatch
(hypernym) fragment
9. a short theatrical performance that is part of a longer program; "he did his act three times every evening"; "she had a catchy little routine"; "it was one of the best numbers he ever did"
(synonym) act, routine, number, turn
(hypernym) performance, public presentation
(hyponym) show-stopper, showstopper, stopper
10. the cutting part of a drill; usually pointed and threaded and is replaceable in a brace or bitstock or drill press; "he looked around for the right size bit"
(hypernym) cutting implement
(hyponym) bur, burr
(part-holonym) drill
(part-meronym) shank

bit, BInary digiT; single basic unit of information (Computers)