Patent ID: 8449223

Claim:
A cutting tool ( 20 ) having an axis of rotation (A) and comprising: a cutter body ( 24 ) having a plurality of cutting insert retaining pockets ( 26 ) circumferentially spaced about an outer periphery thereof, each cutting insert retaining pocket ( 26 ) having at least one cutting insert ( 28 ) releasably retained therein by a securing screw ( 56 ) threadingly received in a securing through-hole ( 54 ) in the cutter body ( 24 ); an adjustment through-hole ( 36 ) in the cutter body ( 24 ); an adjustment screw ( 38 ) threadingly received in the adjustment through-hole ( 36 ), the adjustment screw ( 38 ) having an axis of screw rotation (B) and comprising a screw head ( 40 ); a slider ( 72 ) retained in a slider pocket ( 74 ), the slider ( 72 ) being in communication with the cutting insert ( 28 ) at a front surface ( 86 ) of the slider ( 72 ) and with the screw head ( 40 ) of the adjustment screw ( 38 ) at a rear surface ( 90 ) of the slider ( 72 ); wherein: screw rotation of the adjustment screw ( 38 ) in one sense about the axis of screw rotation (B) results in the screw head ( 40 ) of the adjustment screw ( 38 ) urging the slider ( 72 ) and the cutting insert ( 28 ) in a direction away from the adjustment screw ( 38 ) and transverse to the axis of screw rotation (B), resulting in adjustment of the position of the cutting insert ( 28 ) in a first direction; and screw rotation of the adjustment screw ( 38 ) in an opposite sense about the axis of screw rotation (B) results in the securing screw ( 56 ) urging the slider ( 72 ) and the cutting insert ( 28 ) in a direction towards the adjustment screw ( 38 ) and transverse to the axis of screw rotation (B), resulting in adjustment of the position of the cutting insert ( 28 ) in a direction opposite to the first direction.