Definition of "two bits" [two bits]

• Informal Twenty-five cents. (noun-plural)
• Slang A petty sum. (noun-plural)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "There are the thousand varieties of "New Thought" Bootstrap-lifters; the mystic and transcendentalist, Swedenborgian and Jacob Boehme Bootstrap-lifters; the Elbert Hubbard high-art Bootstrap-lifters with half a million magazinelets at two bits apiece; the "uplift" and "optimist," the Ralph Waldo Trine and Orison Swett Marden Bootstrap-lifters with a hundred thousand volumes at one dollar per volume."
• "Pairing occurs when two bits of information are wedded and stored in long-term memory together."
• "For another little while I go alongpar, par, parwithout trouble, though maybe one or two bits of the frosting blow off in the winda missed birdie opportunity, a less than stellar driveand it begins to seem that the top of the dam is growing even narrower."