Final answer:
The contraction of the term 'Binary Digit' is Binary Element, which represents the single unit of information in a computer, typically represented as a 0 or 1.
Step-by-step explanation:
The contraction of the term 'Binary Digit' is Binary Element. A binary digit, also known as a 'bit', represents the single unit of information in a computer. It is typically represented as either a 0 or a 1. The binary system is the foundation of digital computing and allows for the encoding and processing of data in computers.