BIT

 -  the cutting part of a drill; usually pointed and threaded and is replaceable in a brace or bitstock or drill press; piece of metal held in horse's mouth by reins and used to control the horse while riding; a small fragment of something broken off from the whole; a unit of measurement of information (from binary + digit); the amount of information in a system having two equiprobable states; a short theatrical performance that is part of a longer program; a small fragment; an instance of some kind; a small amount of solid food; a mouthful; a small quantity; an indefinitely short time

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