Bit
Part of speech: adverb
Definition: To a small extent; in a small amount (usually with "a").
Part of speech: verb
Definition: To put a bridle upon; to put the bit in the mouth of (a horse).
Part of speech: noun
Definition: A piece of metal placed in a horse's mouth and connected to reins to direct the animal. A rotary cutting tool fitted to a drill, used to make holes. An eighth of a dollar. Note that there is no coin minted worth 12.5 cents. A coin of a specified value. A small amount of something. Specifically, a small amount of time. A portion of something. A prison sentence. An excerpt of material from a stand-up comedian's repertoire. A binary digit, generally represented as a 1 or 0. The smallest unit of storage in a digital computer, consisting of a binary digit. Any datum that may take on one of exactly two values.
Example sentence: The reality is gas prices should be much more expensive then they are because we're not incorporating the true damage to the environment and the hidden costs of mining oil and transporting it to the U.S. Whenever you have an unpriced externality, you have a bit of a market failure, to the degree that eternality remains unpriced.
Morsel
Part of speech: noun
Definition: A small fragment or share of something, commonly applied to food.