A machine designed to rotate and feed end-cutting tools for drilling, reaming, tapping, countersinking, counter boring, spot facing, and boring operations. Similar to a vertical mill except the drill press does not have an articulated worktable.
A drill press is a motor and chuck mounted so pulling a lever lowers the drill bit in a straight line against a metal platform. The motor is usually connected to the spindle with V-belts and pulleys to change speed. Having owned a variety of drill presses and finally bought a 15" floor unit, I strongly recommend the latter, which will cost about $300. The large floor mount is better in the following ways: The table tilts side to side, allowing angle drilling but also allowing bracing long items for end drilling; The base is a long distance down, allowing end drilling; the movement of the chuck is much longer, allowing drilling holes the length of the bit. The smallest units actually mount a hand drill and are useful for applying leverage when drilling tough narrow materials, but aren't very precise. There are two common sizes of bench units. The smaller one, which I bought first, was rather limited about 2 inches of chuck movement and only about 4 inches between the end of bit and the table and 6" when the table was swung aside. The 12" unit I looked at buying had a tilting table, but still had a relatively short distance bit to base.