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bits per second

The amount of data (bits) per second a network connection can handle. The greater the amount the more it can deal with and faster it becomes.

56k dial up modem - 56Kbps - 56,000 bits per second (K stands for Kilo, which is 1000)
512k broadband - 512Kbps - 512,000 bits per second
4Meg broadband - 4Mbps - 4,000,000 bits per second (M stands for Mega, which is 1 million)

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