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 containing a single sharp point at the outside, with a set screw to lock the cutter in position. When the cutting edge is centered on the bit, the hole drilled will be small, and when the cutting edge is slid outwards, a larger hole is drilled. This allows a single drill bit to drill a wide variety of holes, and can take the place of a large, heavy set of different size bits, as well as providing uncommon bit sizes. A ruler or vernier scale is usually provided to allow precise adjustment of the bit size. These bits are available