Crossword Genius

One part in a brace, perhaps (3)

Ross

I believe the answer is:

bit

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'one part' is the definition.
(thesaurus)

I don't understand how the remainder of the clue works.

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(Other definitions for bit that I've seen before include "chip?" , "Segment" , "'Part, fragment (3)'" , "gripped" , "Small portion - part of drill" .)

I've seen this clue in the Evening Standard.
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