lot n
1: a portion of land; specif: a measured parcel of contiguous land having fixed boundaries and recorded (as on a plat) with the appropriate authority or office (as a registry of deeds)
2: a single article, a number of units of an article, or a parcel of articles offered as one item (as in an auction sale); specif: a parcel or single article under the Uniform Commercial Code which is the subject matter of a separate sale, lease, or delivery whether or not it is sufficient to perform the contract see also odd lot, round lot
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.