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Indexable inserts are replaceable cutting tool inserts used in machining operations such as turning, milling, and drilling. They have multiple cutting edges that can be rotated or indexed to present a fresh cutting surface when one edge becomes dull or worn. These inserts are secured onto tool holders or tool bodies using clamping systems, allowing for easy and precise insert replacement. They promote efficiency in machining operations by reducing tool change time and allowing for multiple uses of the insert before replacement is required.