dibs \dibs\ (d[i^]bz), n. 1. A sweet preparation or treacle of grape juice, much used in the East. --Johnston. [1913 Webster] 2. A small amount of money. [PJC] 3. A right or claim, such as the right of use, or of first choice; as, I have dibs on the binoculars after Jim is finished.. [PJC]