At http://www.catb.org/esr/jargon/html/M/meta-bit.html it is written

meta bit: n.

  The top bit of an 8-bit character, which is on in character values
  128--255. Also called high bit, alt bit. Some terminals and consoles
  (see space-cadet keyboard) have a META shift key. [...]

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That's probably why readline regards "\M-" as setting the meta bit,
i.e. the 8th bit. This could be useful with the ASCII charset, where
the 8th bit could be stripped by the terminal and interpreted in
some special way (e.g. "\M-" commands), but this no longer makes
any sense with true characters having the 8th bit set.

-- 
Vincent Lefèvre <vinc...@vinc17.net> - Web: <https://www.vinc17.net/>
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Work: CR INRIA - computer arithmetic / AriC project (LIP, ENS-Lyon)

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