Spot Face Cutter
From DT Online

Spot Facing can be neccessary to smooth the rough surface of a casting, for example, around a drilled hole such that a nut, bolt or washer can be more evenly seated.

Spot Facing can be neccessary to smooth the rough surface of a casting, for example, around a drilled hole such that a nut, bolt or washer can be more evenly seated.