Homonym: Lot (Plot)
A "lot" refers to a specific piece of land or property, often used for building or development. It can vary in size and shape, depending on its intended use, such as residential, commercial, or industrial purposes. Lots are typically defined by property lines and can be bought, sold, or leased.
In the context of auctions or sales, a "lot" can also refer to a group of items sold together. For example, a collection of antiques or artwork may be sold as a single lot. This practice helps streamline the selling process and can attract buyers interested in multiple items at once.