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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 classic literature ?
They are a deal of trouble, and they make a place untidy and they cost a lot of money to keep; but still you would not have the house without them.
said one of the soldiers, and what a lot of them there are
A long, pale, military-looking gentleman, seated demurely at the mahogany table, could not help grinning as this valuable lot was shown by Mr.
Don't be trying to deprecate the value of the lot, Mr.
Some one bid five shillings, at which the military gentleman looked towards the quarter from which this splendid offer had come, and there saw another officer with a young lady on his arm, who both appeared to be highly amused with the scene, and to whom, finally, this lot was knocked down for half a guinea.
Mind you, if my letters lead to anything it will probably be a situation as an earnest bill-clerk or an effervescent office-boy, for Rockefeller and Carnegie and that lot have swiped all the soft jobs.
The audience, echoing the lots themselves, was a mixed bag of bidders and spectators.
Joe Juliano, CEO of PrimeRevenue said that "Big Lots is an early SCF innovator and we're pleased to have them live and in production with their domestic suppliers.
For a number of years businesses have been allowed to skirt statutes requiring a certain number of slots in their lots by creating the class of parking places allegedly reserved for compact cars.
The LoTS are believed to be the first hybrid securities to be offered publicly by an MLP.
The widespread destruction created opportunities for people like Charles Mott, a contractor who purchased one of the empty lots in 1995 from his church deacon and is building a new home single-handedly, piece by piece.
Unused development or "air rights" cannot be transferred as-of-right from a zoning lot which previously received a use variance, according to a recent case decided by New York's highest court.