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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 ?
Speaking on condition of anonymity, a security official standing at Sindh Secretariat gate told PPI, that these parking lots cause an imminent danger as anyone could park his bike without being noticed and checked.
Since water and oil don't mix, power washing parking lots with water will not remove the grime build up on the surface.
Currently, parking lot review is triggered before the Planning Board if the use it serves changes.
Simply Homegrown: A Community Market Parking lot, Prate's Main Street Books, Clayton, GA Sat 9am-12pm, starts May 12th
The parking lot surface is pretty rough too, so you can't really play drunken games of skate after the park is closed for the night.
Despite the risk of another arrest, Quintanilla keeps coming back to the parking lot in this largely Latino community.
So if you have a heavy rain [soon] after the parking lot goes in, it's not unusual to see fish kills dowstream.
He hadn't looked behind him a single time in the parking lot.
35-acre parking lot for $426,000 in May 2000 from Vanadis Group Inc.
When the customer assured the police officer that Thomas had not been impersonating a parking lot attendant, Thomas was arrested under a different statute.
Furniture Row Racing's NASCAR NEXTEL CUP show car #78 will be on display in the parking lot at the Dacono Center.
Tenders are invited for Sealing and striping of county parking lots, Employee parking lot, Radio Shed lot, Steuben County Civil Defense parking lot, Pro-Action of Steuben parking lot, Steuben County Public Safety/911 Building parking lot, Motor Vehicles parking lot, and Steuben County Probation Office parking lot.