Machining Terms

Face and Flank 
On a cutting edge the face is the side where the chip is formed and the flank is the other side of the parting action.
A piece of metal in a way that adjusts to remove play and compensate for wear. This machine uses tapered gibs with a adjusting screw at the left end and a locking screw on the right end. Loosen the right end slightly and tighten the left end to remove play. adjusting should be done with light finger pressure. (Cheaper systems use a straight gib with series of screws normal to the gib that tighten the gib).
Swarf pronounced(swôrf)
Chips, shavings, turnings and cutting fluid - the metal—the debris or waste resulting from metalworking operations. Continuous, spring-like, swarf is bulky hard to handle so use of a cutting tool with a chip-breaker is recommended to produce denser, more manageable chips. From old English sweorfan - to file away
Tramp oil 
Sometimes called sump oil, is oil that has mixed with cutting fluid (coolants) or swarf. Skimmers are used to separate the tramp oil from coolant.
The guide that holds a table so it can slide back and forth.

Mandrel vs Arbor

A mandrel holds work, an arbor hold tooling

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