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Quarter

n. Two bits. This in turn comes from the `pieces of eight' famed in pirate movies -- Spanish silver crowns that could be broken into eight pie-slice-shaped `bits' to make change. Early in American history the Spanish coin was considered equal to a dollar, so each of these `bits' was considered worth 12. 5 cents. Syn. tayste, crumb, quad. Usage rare. General discussion of such terms is under nybble.