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

ILO, Internation Labor Office

n. bit (Informal)

n. bit, binary digit, single basic unit of information (Computers)