Device and method for holding a tool bit

Abstract

A device and method for holding a bit for a tool. The holding device, which is secured to a support surface, includes a housing having a base, a first leg and a second leg. A slot is defined between the first and second legs and the shank of the bit is received through one of a plurality of differently dimensioned apertures defined along the slot between the first and second legs. An adjustment assembly is engaged with the first and second legs and is movable to a first position to clamp the shank in the selected aperture; and is movable to a second position to release the shank. When the adjustment assembly is moved from the second position to the first position, a free end of the second leg bends toward the first leg, thereby reducing the diameter of the aperture within which the shank is received.

Dependencies are inferred from the claim text.