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“Two bits ” is an American term for 25 cents. It comes from the British slang “bit.” For example, a British person might say “a threepenny bit.” The slang was adopted in the American Southwest to refer to the old Mexican real, which was worth 12 1/2 cents.
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Word of the Dayplutocracy:
plutocracy: the rule or power of wealth or of the wealthy.
Born on this daySeptember 23, 2016
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1926 - John Coltrane
1920 - Mickey Rooney
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1930 - Ray Charles
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1954 - Cherie Booth QC