A typical belt driven spindle assembly consists of the spindle shaft, held with a bearing system and supported by the spindle housing. The spindle shaft incorporates the tooling system, including the tool taper, drawbar mechanism and tool release system. Learn the definition of spindle on this page. Discover what a spindle is and how it's used in various industries. Learn the meaning of spindle as a rod, pin, or shaft used in spinning, machines, or biology. Find synonyms, sentences, pronunciation, and related words for spindle . spindle (third-person singular simple present spindles , present participle spindling, simple past and past participle spindled) (transitive) To make into a long tapered shape.