Bytes financial definition of Bytes
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A unit of digitally stored information. A byte is the number of bits (or the 0 or 1 characters in binary code) needed to print a single letter or other character of text.
byte a group of eight bits (zeros/ones) used to represent a single number or letter in a COMPUTER. The capacity of a computer is often measured in terms of thousands of bytes (K), for example 640K; or millions of bytes, for example 20 megabytes.