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In sales, a parcel or single article that is the subject matter of a separate sale or delivery, irrespective of whether or not it is adequate to perform the contract. In the Securities and commodities market, a specific number of shares or a particular quantity of a commodity specified for trading. In the law of real estate, one of several parcels into which real property is divided.

A lot is ordinarily one of several contiguous pieces of land of which a block is composed. Real property is commonly described in terms of lot and block numbers on recorded maps and plats.


noun parcel, part, piece, piece of ground, plot, portion, small parcel of land, subdivision, tract
Associated concepts: adjacent lots, block, building lot, conniguous lots, partition of lots, vacant lot
See also: assemblage, bulk, conglomeration, entirety, land, lottery, parcel, plight, plot, posture, predetermination, property, quantity, real estate, situation

LOT. Anything on which depends the accidental determination of a right by which we acquire or lose something; or it is that which fortuitously determines what we are to acquire. When it can be certainly known what are our rights, we ought never to resort to a decision by lot; but when it is impossible to tell what actually belong to us, as if an estate is divided into three parts and one part given to each of three persons, the proper way to ascertain each one's part is to draw lots. Wolff, Dr. &c., de la Nat. Sec. 669.

References in periodicals archive ?
It is very difficult to eliminate such parking lots as they have no infrastructure or anything that could be seized to stop them from running that spot in future, he said adding that it was the duty of traffic police to take action and display no-parking sign-boards at such sites so that no one could use it as parking lot.
It prompted Rich to turn to the National Ready Mixed Concrete Association's Design Assistance Program and concrete pavement online classes, plus ACI 330 RO8-Concrete Parking lots and 330.
He got out of his car and chased the deer down through the parking lot, and I believe even across Route 22," Patrick Dougherty, the Indiana County District Attorney, (http://pittsburgh.
I couldn't agree more that parking lot maintenance can be boring and mundane, but keep in mind that slippery surface conditions may affect your liability.
When Khalili returned from the convenience store, he confronted the parking lot attendant with the broken beer bottle.
The other recommended change would exempt from Planning Board review and approval any existing parking lot that will continue to be used in its current condition, with no physical alteration to it, should the use it serves change.
The Osaka-based electronics maker provided 40 of its ''eneloop'' electric hybrid bikes to each of the parking lots, enabling the ward office to rent them out for a fee, it said.
Jackson County Farmers' Market, in the town parking lot at site of the Bridge Park, Sylva, NC Sat 9am-12pm, starts May 5th
Oh, and speaking of trucks, since this particular parking lot is in Texas, there's no shortage of tail gates to rest your old ass on.
The parking lot is a popular gathering spot for workers looking for temporary jobs--typically in construction, landscaping and moving--from local contractors looking for extra sets of hands.
A sudden thunderstorm striking a parking lot that has been sitting in hot sunshine (where surface temperatures of 120[degrees]F are not unheard of) can easily yield a 10[degrees]F increase in rainfall temperature.
He hadn't looked behind him a single time in the parking lot.