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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 ?
To begin with, free parking lots in South Delhi areas would be handed over to DIMTS and later other parking sites would be taken up after their present contract is over.
This survey covers business entities that provide public parking in the Republic of Macedonia and the parking lots of the municipalities.
The parking lot was also a grave concern for security as several high profile bureaucrats and politicians have their offices inside the secretariat and these parking lots could be used as a place to fulfill an extremist act.
facility along the New Jersey Turnpike, Silvi prepared a concrete parking lot bid package against the asphalt pavement specified.
40, spotted the deer and chased it around the store's parking lot before firing several rounds from a handgun, (http://pittsburgh.
Routine mechanical sweeping of parking lots will help remove the surface debris that forms the grime, but will still not solve the problem of continued oil dripping on the surface.
We are not suggesting that major plans should not be reviewed by the Planning Board or that these parking lots be exempted from city design standards," Mr.
The new parking lots are located near the Sakura Josui station of the Keio railway line and Sakura Shinmachi station of the Tokyu Den-en-toshi line.
The problem with parking lots is that they accumulate a lot of pollutants--oil, grease, heavy metals, and sediment--that cannot be absorbed by the impervious surface," Engel said.
Riceville Community Tailgate Market in the parking lot of the Riceville Community Center, Asheville, NC Sat 9am-12pm, starts June 2nd
NORTHRIDGE -- Police at California State University, Northridge, will be out in force next week to issue warnings and even ticket violators who speed through parking lots and structures.
But it got me thinking: I probably spend more time in skatepark parking lots than I do inside the actual skateparks.