Abstract: A tool for chip removing machining includes a holder and a tool head removably attached to the holder by screws. The head, which carries at least one cutting insert, has a serrated surface mated with a serrated surface of the holder. Those serrated surfaces define an interface between the holder and the head which is oriented at a 45 degree angle with respect to a basal plane extending through the holder and containing a longitudinal axis thereof.

Abstract: A clamping arrangement includes a holder blade having a body portion, the body portion having a key slot and a key recess are disposed relative to each other and relative to an insert-receiving slot such that, when a first keying member of a key is received in the key slot and the second keying member of the key is received in the key recess and the key is moved from an at-rest position to an opening position, the height of the insert-receiving slot is increased against resilient forces of the body portion to a sufficient height to install an insert for the holder blade and, when the key is returned to the at-rest position, the resilient forces cause the height of the insert-receiving slot to decrease and clamp the insert between the upper and lower surface of the insert-receiving slot.