Definitions (2)
Related Terms
1. Defined quantity of a thing used as a unit of inventory, output, sale, sampling, or transportation. Items in a lot are of a single class, composition, model, size, type, or version, are produced under essentially the same conditions, and are intended to have uniform quality and characteristics within specified limits. A lot is ordered, sold, released, or delivered in its entirety. An exact lot is called a round lot, any quantity more or less than a lot is called an odd lot. Also called batch.
2. Measured tract of land with specific boundaries, distinctly designated on a map, plot, or survey, and forming a part of a community, city, or district.

Use 'lot' in a Sentence

The lot that the warehouse suggested we use was fair so we went with their recommendation regarding logistics and transportation.
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The dock worker chose to accept the entire lot of goods despite the packaging being of poor quality to protect the contents.
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Sometimes when you end up with to much of your lot you may have to put out a sale to get rid of some quick.
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