"little bit," mid-14c., from Middle Dutch or Middle Low German mite "tiny animal," from Proto-Germanic *miton-, from PIE root *mei- (2) "small," and thus probably identical with mite (n.1). Also the name of a medieval Flemish copper coin of very small value, proverbial in English for "a very small unit of money," hence used since Wyclif to translate Latin minutum from Vulgate in Mark xii.43, itself a translation of Greek lepton. French mite (14c.) is a loan-word from Dutch.
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