"two bits" meaning in English

{
  "etymology_text": "Based on the old monetary bit, which was one eighth of an old Spanish dollar (or 12½ cents in more modern usage).",
  "head_templates": [
    {
      "args": {
        "1": "p"
      },
      "expansion": "two bits pl (plural only)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "American English",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "English pluralia tantum",
          "parents": [
            "Pluralia tantum",
            "Nouns",
            "Lemmas"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with 1 entry",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with entries",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Two",
          "orig": "en:Two",
          "parents": [
            "Numbers",
            "All topics",
            "Terms by semantic function",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "glosses": [
        "Twenty-five cents, or a quarter."
      ],
      "id": "en-two_bits-en-noun-oSMxCUfB",
      "links": [
        [
          "cent",
          "cent"
        ],
        [
          "quarter",
          "quarter"
        ]
      ],
      "raw_glosses": [
        "(US, slang) Twenty-five cents, or a quarter."
      ],
      "related": [
        {
          "word": "long bit"
        },
        {
          "word": "short bit"
        },
        {
          "word": "two-bit"
        },
        {
          "word": "pieces of eight"
        },
        {
          "word": "two bob"
        }
      ],
      "tags": [
        "US",
        "plural",
        "plural-only",
        "slang"
      ],
      "wikipedia": [
        "Spanish dollar"
      ]
    }
  ],
  "sounds": [
    {
      "audio": "En-au-two bits.ogg",
      "mp3_url": "https://upload.wikimedia.org/wikipedia/commons/transcoded/3/31/En-au-two_bits.ogg/En-au-two_bits.ogg.mp3",
      "ogg_url": "https://upload.wikimedia.org/wikipedia/commons/3/31/En-au-two_bits.ogg"
    }
  ],
  "word": "two bits"
}

{
  "etymology_text": "Based on the old monetary bit, which was one eighth of an old Spanish dollar (or 12½ cents in more modern usage).",
  "head_templates": [
    {
      "args": {
        "1": "p"
      },
      "expansion": "two bits pl (plural only)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "long bit"
    },
    {
      "word": "short bit"
    },
    {
      "word": "two-bit"
    },
    {
      "word": "pieces of eight"
    },
    {
      "word": "two bob"
    }
  ],
  "senses": [
    {
      "categories": [
        "American English",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English pluralia tantum",
        "English slang",
        "Pages with 1 entry",
        "Pages with entries",
        "en:Two"
      ],
      "glosses": [
        "Twenty-five cents, or a quarter."
      ],
      "links": [
        [
          "cent",
          "cent"
        ],
        [
          "quarter",
          "quarter"
        ]
      ],
      "raw_glosses": [
        "(US, slang) Twenty-five cents, or a quarter."
      ],
      "tags": [
        "US",
        "plural",
        "plural-only",
        "slang"
      ],
      "wikipedia": [
        "Spanish dollar"
      ]
    }
  ],
  "sounds": [
    {
      "audio": "En-au-two bits.ogg",
      "mp3_url": "https://upload.wikimedia.org/wikipedia/commons/transcoded/3/31/En-au-two_bits.ogg/En-au-two_bits.ogg.mp3",
      "ogg_url": "https://upload.wikimedia.org/wikipedia/commons/3/31/En-au-two_bits.ogg"
    }
  ],
  "word": "two bits"
}