an uneven exchange or transaction, two bits = 25 cents, four bits = 50 cents, six bits = 75 cents, 8 bits = one dollar. These expressions were used early in the 20th Century to talk about low valued things. Such as "He's got a two bit job."
He came out four bits for a buck on the deal.
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slang for person financing some deal or enterprise
Costner is the bank roll on the new film.
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recently come into very good circumstances
He's in high cotton now with the new job.
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