Hi guys, such devices are generically called use-em-up sockets, the commonest of which is a forged morse taper with a flat on 1 side of the bore ie it is D shaped, take damaged drill, tidy up broken tang, grind dirty great flat on taper till it will fit in the new socket along its full length, knock it in up to your usual standard of agricultural violence, this is NOT precision engineering, regrind drill point, carry on, quick, cost effective, blah blah.
Bob H.