drill bit that bores holes in wood or other materials while carrying cuttings away from the bored hole.

auger bit (Wikipedia)
From top to bottom: Spade, lip and spur (brad point), masonry bit and twist drill bits
Drill bit (upper left), mounted on a pistol-grip corded drill.
A set of masonry drill bits

Drill bits are cutting tools used to remove material to create holes, almost always of circular cross-section. Drill bits come in many sizes and shapes and can create different kinds of holes in many different materials. In order to create holes drill bits are usually attached to a drill, which powers them to cut through the workpiece, typically by rotation. The drill will grasp the upper end of a bit called the shank in the chuck.

Drill bits come in standard sizes, described in the drill bit sizes article. A comprehensive drill bit and tap size chart lists metric and imperial sized drill bits alongside the required screw tap sizes. There are also certain specialized drill bits that can create holes with a non-circular cross-section.

While the term drill may refer to either a drilling machine or a drill bit while in use in a drilling machine, in this article, for clarity, drill bit or bit is used throughout to refer to a bit for use in a drilling machine, and drill refers always to a drilling machine.

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