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Valve

From WikiPedalia

The part of the inner tube that permits air to be added. There are three types used on bicycles, Presta, Schrader, and Woods

Schrader Presta Woods
Schrader valve Presta valve Woods valve

If you want to convert a rim drilled for Presta valves to accept Schrader valves, drill it out with a 21/64" drill bit. A Presta tube may be used in a rim drilled for a Shrader valve, but it is advisable to install a grommet in the valve hole.