Wire wrapping apparatus

A tool for stripping insulated wire and wrapping that wire around a terminal tag, said tool comprising a bit having a longitudinal aperture at the end thereof adapted to engage said terminal tag, the mouth of said aperture being located in a recessed portion in the end of said bit, and wire locating means adapted to locate and support a length of insulated wire in said bit said wire locating means comprising an offset hole or bore in said bit having one end terminating in the side of said recessed portion so as to form a cutting edge between the wall of said offset hole or bore and the side of said recessed portion, so that when a length of insulated wire is placed in said wire locating means and said aperture is engaged with said terminal tag, rotation of said bit will cause the insulation on said wire to be severed by the interaction of a corner of ridge on said terminal tag with said cutting edge and the wire core to be withdrawn from the insulation which is retained in said wire locating means and wrapped about said terminal tag.