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A key blank (sometimes spelled keyblank) is a key that has not been cut to a specific bitting. The blank has a specific cross-sectional profile to match the keyway in a corresponding lock cylinder. Key blanks can be stamped with a manufacturer name, end-user logo or with a phrase, the most commonly seen being 'Do not duplicate'.
The uniform-price auction does not, however, result in bidders bidding their true valuations as they do in a second-price auction unless each bidder has demand for only a single unit. A generalization of the Vickrey auction that maintains the incentive to bid truthfully is known as the Vickrey–Clarke–Groves (VCG) mechanism.