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A Tap cycle is used to drill threaded holes in the part, clockwise or counter-clockwise.  The tap cycles supported are:

Standard Tap
This is a standard tap cycle.  Move to XY, Move to Z at approach distance, tap to depth, retract to clearance.

Peck Tapping  
This is a peck tap cycle.  Move to XY, Move to Z at approach distance, tap to peck depth, retract to top of peck, tap to peck depth, repeat to until full tap depth, retract clearance.

User Defined Tap1, 2, 3, 4  
This is a tap cycle that you can define using the User Defined Cycles in the Post-Processor Generator.