A cutting tool assembly includes a cutting tool and an indexable cutting insert having an insert index axis. The cutting insert includes parallel insert first and second sides connected by an insert peripheral surface that extends peripherally around the cutting insert. At least one clamping hole opens out to one or both of the insert first and second sides, and at least a portion of the clamping hole is in a clamping region of the cutting insert. The insert peripheral surface includes cutting edges that are spaced-apart and extend from the insert first side to the insert second side. Along a width direction, which is perpendicular to the insert first and second sides, each of the cutting edges is wider than the cutting insert, at least at the cutting region of the cutting insert.

A cutting tool having a tool holder, cutting insert and clamping member. The tool holder includes an elongated supporting surface extending in a rearward-to-forward direction. The cutting insert has a central portion and three cutting portions, the central portion having two opposing side surfaces and three spaced apart locating surfaces defining a first imaginary triangle. The cutting insert is indexable about a central axis intersecting the two side surfaces. Each locating surface intersects two of three bisector planes containing the central axis and bisecting respective corners of the first imaginary triangle, and the cutting edge of each cutting portion is located entirely outside of the first imaginary triangle. In each index position the clamping member is located entirely rearward of a first vertical plane containing the central axis and perpendicular to the rearward-to-forward direction, and one of the locating surfaces is in clamping contact with the supporting surface.

A two-way indexable V-shaped cutting insert having first and second rake surfaces located in a front insert surface thereof. First and second relief surfaces respectively connect the first and second rake surfaces to first and second converging insert abutment surfaces, respectively. A first cutting edge is located at an intersection of the first rake surface and the first relief surface. A second cutting edge is located at an intersection of the second rake surface and the second relief surface. A first relief angle is formed between the first relief surface and the first converging insert abutment surface. A second relief angle is formed between the second relief surface and the second converging insert abutment surface. The first and second relief angles are obtuse. In a cutting tool, the two-way indexable V-shaped cutting insert is releasably secured in a tool holder by means of a fastening member.

A cutting insert includes at least two peripheral cutting edges. An insert holder assembly includes an insert holder which include an insert pocket and an ejector chamber connected by a through hole. The insert holder assembly includes an ejector member located at least partially in the ejection chamber, and a compressible biasing member. In an inner position, the biasing member exerts a compressive force on the ejector member. When the cutting insert is releasably attached to the insert holder by a fastening member which is connected to the ejector member, to constitute a fastened position of a cutting tool, the insert holder assembly is in the inner position and the fastening member clamps the cutting insert so that the insert lower surface abuts the pocket base surface.

A cutting insert includes opposing insert first and second side surfaces. The insert first side surface includes a first mounting arrangement. The first mounting arrangement includes a) at least one first side abutment surface facing away from the insert second side surface, b) a first stopper abutment surface oriented transversely to the at least one first side abutment surface and c) two opposite-facing first wedge abutment surfaces oriented transversely to the at least one first side abutment surface and converging forwardly. An insert holder has a corresponding pocket mounting arrangement for engagement with the first mounting arrangement.