Bit

Also known as: binary digit Bit (binary digit) is the smallest unit of data used in digital information systems, being allocated only a single value of either 0 or 1, i.e. an "off" or an "on" state. In the data communication field bits are counted using the decimal number system, and so other units of bits are kilobit (1,000 bits), Megabit (1,000,000 bits) and Gigabit (1,000,000,000 bits). The term "Bit" is derived from a combination of b(inary) and (dig)it

» Technical Glossary -- (Kurt Smith)