noun an assigned or allotted portion
Refers to a designated area for a specific purpose, such as parking lot or vacant lot
Refers to a piece of land or property for sale or development
Refers to a large number of securities or commodities bought or sold together
Refers to a group of items being sold together as a single unit
Refers to a set of possible outcomes of a random experiment
In the context of a writer, 'lot' can refer to a specific piece of land designated for a particular purpose, such as a building lot for a new development.
For a psychologist, 'lot' may be used to describe a group of items or subjects that are being studied or analyzed together, such as a lot of test scores or a lot of survey responses.
Real estate agents commonly use 'lot' to refer to a parcel of land that is being bought or sold, such as a vacant lot or a lot with a house already built on it.
In the auction industry, 'lot' is used to describe an individual item or group of items that are being sold together as a single unit, such as a lot of antique furniture or a lot of collectible coins.
For a construction manager, 'lot' can refer to a specific section of a larger project that is being developed or built, such as a lot within a housing development or a lot within a commercial construction site.