The Jargon File (version 4.4.7, 29 Dec 2003):
high bit
 n.
    [from high-order bit]
    1. The most significant bit in a byte.
    2. [common] By extension, the most significant part of something other than
    a data byte: ?Spare me the whole saga, just give me the high bit.? See
    also meta bit, dread high-bit disease, and compare the mainstream slang
    bottom line.
The Free On-line Dictionary of Computing (30 December 2018):
high bit
   (Or "high-order bit") The most significant bit in a byte.
   See also meta bit, hobbit, dread high bit disease.
   [Jargon File]
   (2012-08-31)