US Patent 11878406 Holder for a bit of a tool

A holder for a bit for a tool is provided. The holder comprises: a bearing shaped to securely hold the bit; and a housing attached to the bearing and to a clip. In the holder, when the housing is attached to the clip, the bit may be mounted to the tool and the tool may be operated to rotate the bit; and when the bit is removed from the tool, the bit is still attached to the housing which is still attached to the clip. The housing may be shaped and sized to provide a friction fit to securely hold the outer ring. A cable may attach the housing to the clip.