see KSU. Kilobit (Kb) - 1) In terms of data transfer, one kilobit per second (Kbps) refers to 1,000 bits of information transferred per second. A 56 Kbps (or, in standard usage, 56 K) modem then, is theoretically capable of handling up to 56,000 bits of data per second. 2) In relation to data storage, one kilobit is exactly equal to 1,024 bits of stored data.