Wiktionary
n. (context telecommunications computing English) The transmission rate of binary symbols (‘0’ and ‘1’), equal to the total number of bits transmitted in one second sent or received across a network or communications channel, abbreviated as bps (bits per second), a measure of data transmission speed.
Wikipedia
In telecommunications and computing, bit rate (sometimes written bitrate or as a variable R) is the number of bits that are conveyed or processed per unit of time.
The bit rate is quantified using the bits per second unit (symbol: "bit/s"), often in conjunction with an SI prefix such as " kilo" (1 kbit/s = 1000 bit/s), " mega" (1 Mbit/s = 1000 kbit/s), " giga" (1 Gbit/s = 1000 Mbit/s) or " tera" (1 Tbit/s = 1000 Gbit/s). The non-standard abbreviation "bps" is often used to replace the standard symbol "bit/s", so that, for example, "1 Mbps" is used to mean one million bits per second.
One byte per second (1 B/s) corresponds to 8 bit/s.