Undergauge Bit : (n) A bit whose outside diameter is worn to the point at which it is smaller than it was when new. A hole drilled with an undergauge bit is said to be undergauge
US Department of Labor, Occupational Safety & Health Administration (OSHA), Oil and Gas Well Drilling and Servicing eTool, Washington, DC. This is an abridged version of the Dictionary of Petroleum Terms provided by Petex and the University of Texas Austin, USA 2001. http://www.osha.gov/SLTC/etools/oilandgas/glossary _of_terms/glossary_of_terms_a.html, (Oil Well Drilling Sci and Tech - Amer) {492}