Drill bit shank shaft and shank, is usually of the same diameter. It is held usually in a three-jaw drill chuck. Bits of diameter too small to grip firmly can have straight shanks of larger diameter than the drill, which can be held firmly in a standard size collet or chuck. Large drill bits can have straight shanks narrower than the drill diameter so that they can be fitted in chucks not able to chuck the full diameter. Such a drill bit is called a reduced-shank or blacksmith's drill. For example, this allows a bit to be used in a pistol-grip drill's chuck.
Drill bit relatively large holes in thin material. They remove material only from the edge of the hole, cutting out an intact disc of material, unlike many drills which remove all material in the interior of the hole. They can be used to make large holes in wood, sheet metal and other materials. "Center drill bits", occasionally known as Slocombe drill bits, are used in metalworking to provide a starting hole for a larger-sized drill bit or to make a conical indentation in the end of a workpiece in which to mount a lathe center. In either use, the name seems appropriate,