Cutting speed refers to the rate at which a cutting tool passes over the material surface and is commonly measured in meters per minute. Cutting speed depends on factors like the material, tool, depth of cut, and feed rate. Harder materials and tool materials allow for higher cutting speeds, while softer materials and tools require lower speeds. The cutting speed can be calculated using the spindle speed in revolutions per minute and the tool diameter. Feed rate refers to how quickly the tool is advanced into the workpiece during drilling and depends on factors like the tool, desired surface finish, machine power, and material properties.