Lots
/lɒts/
Definitions
- (n.) Parcels or portions of land especially for sale or development.
The developer purchased several lots on the outskirts of the city.
- (n.) In legal contexts, the method of dividing property or goods by drawing or casting lots to ensure fairness.
The court ordered the estate to be divided by lots among the heirs.
Related terms
See also
Commentary
Plural noun form most commonly refers to parcels of land; context clarifies if it refers to land or to a method of division by chance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.