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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 ?
I would say that some of the drawbacks to the lot are that there really isn't anywhere within walking distance to buy cold beer.
Once the new zoning lot is created, the development rights on one part of that lot may be moved to another part, i.
On the other hand, if it has been weeks or months since the last lot of that product was produced, there are more factors that could change.
Our market research study indicated there was a demand for that kind of lot.
Lot was most often seen as virtuous, a victim of fate, or a victim of women's wiles.
Lot three was a short draped silk grey cocktail dress by Diana's favourite designer, Catherine Walker.
One man spent $1,000 for a vacant lot 12 inches wide that divides two buildings in Brooklyn.
Batch lot 1 technical value communication device between technical supervisor, tutor and socio-professional referent 5% -