Twip

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A twip (loosely from twentieth of a point) is a typographical measurement, defined as 1/20 of a typographical point. One twip is 1/1440 inch or 17.639 µm when derived from the PostScript point at 72 to the inch, and 1/1445.4 inch or 17.573 µm based on the printer's point at 72.27 to the inch.

[edit] Twips in computing

Twips are the default unit of measurement in Visual Basic (version 6 and earlier, prior to VB.NET). When in Microsoft Windows "Small fonts" mode, 15 twips are equal to one pixel.

Twips are also a commonly used unit with Symbian OS bitmap images.

[edit] Other meanings

Used as a term on the NPR radio show, Says You!, as it was aired on 16 December, 2005.
Take What Insurance Pays - a surgeon's agreement to accept a lower payment than he ordinarily would for a procedure and not charge the patient the difference.