Cutting insert and clamping arrangement therefor

In combination with a cutting insert, a cutting insert tool holder comprising:

• holder means having a first end, a second end, a top surface and a longitudinal mounting axis;
• said first end having a cutting insert receiving pocket formed therein which pocket has one end wall means and a bottom wall means and being open on the other four sides, said bottom wall means defining a first engaging means for engaging a bottom of said insert;
• comprising a seat having an inverted "V" shaped portion on which said cutting insert is mounted and extending parallel to said longitudinal mounting axis, said end wall means comprising means for engaging a rear wall of said insert;
• said top surface having a recess therein near said insert receiving pocket, said recess being substantially perpendicular to said longitudinal mounting axis;
• a clamp element having a lower surface pair of dependent legs depending below said lower surface, one of said legs defining a second engaging means for engaging a top of said cutting insert, and the other of said legs adapted to cooperate with said recess in said holder means top surface;
• and means on said holder means engaging said clamp element and adjustable for urging said clamp element toward said holder means for pressing one of said legs into said recess and the other of said legs into engagement with said cutting insert for fixedly clamping said cutting insert in said pocket;
• wherein said first engaging means inhibits lateral movement of said cutting insert and said second engaging means axial movement of said cutting insert relative to said longitudinal mounting axis.