TWO BITS Meaning of TWO BITS in English transcription, транскрипция: [ ˈtu:ˈbɪts ]{n.}, {slang} Twenty-five cents; a quarter of a dollar. * /A haircut only cost two bits when Grandfather was young./ Compare: FOUR BITS, SIX BITS. Dictionary of English idioms . Словарь английских идиом. 2012