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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
O arranjo dos dados do experimento de tratamento das sementes foi caracterizado como bifatorial (4 x 3), composto por quatro lotes e tres periodos de estratificacao (0, 90 e 180 dias).
Si bien no es el objetivo central de este trabajo analizar el impacto que tienen sobre el precio del lote la normativa urbana, su ubicacion geografica, distancia al centro comercial, calidad del entorno urbano y otros atributos del lote, cabe mencionarlos para el lector interesado.
Para calcular la variable Lotes(C, M, EM), es necesario el planteamiento de un modelo de simulacion que permita incluir variables estocasticas como el tiempo entre llegadas de lotes, tiempo de alistamiento y montaje, y el tiempo procesamiento o tamano en minutos de cada lote.
Se conformaron 3 grupos, cada uno con 26 hamsteres (Mesocricetus auratus) de dos meses de edad, ambos sexos y 60 g de peso, los cuales fueron divididos en cuatro lotes, dos lotes de 6 individuos cada uno y dos lotes de 7 individuos cada uno.
O trabalho avaliou-se a qualidade fisiologica de lotes de sementes de cultivares de feijao carioca ao longo do armazenamento em diferentes ambientes.