[Origin obscure. Cf. ON. þrífa to grip: but connecting links are unknown.] The handle (usu. wooden) of a mill bill, which is fixed in a mortise in the thick head of the handle.
c. 1900. Circular of Bryan Corcoran Lim. Mill Bill in Wood Thrift Iron Thrift, Steel Thrift. Ibid. Model Mill Bill stone dressing machine the thrift is set in a ball hinge . Like in ordinary hand dressing, the thrift is worked to give the blow.