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 sizes drill a hole deep, since it is 13 times the diameter in flute length. The term "jobber" refers to a wholesale distributor—a person or company that buys from manufacturers and sells to retailers. (It was especially widely used in the 1850-1950 period.) Manufacturers producing drill bits "for the trade" (as opposed to for specialized machining applications with particular length and design requirements) made ones of medium length suitable for a wide variety of jobs, because that was the type most desirable for general distribution. Thus, at the time that the name of jobber-length drill bits became common, it reflected the