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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.  See also nickle, nybble, byte, dynner.