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English definition of “lot”

lot

noun [C]
 
 
/lɒt/
COMMERCE in an auction (= a sale of goods or property to the person who offers the most money), an object or set of objects that are being sold: Lot 57 is a mahogany work desk. Do I have a bid?
PRODUCTION an amount or set of goods that is produced at the same time or sold together: The manufacturer sells to a wholesaler or agent, who sells in smaller lots to other customers. Ingredients should be clearly listed on the manufacturer's label with the lot number and the date of expiration.
PROPERTY an area of land used for a particular purpose: a building/vacant lot We have residential and commercial building lots and acreage for sale. a parking lot
STOCK MARKET an amount of shares that is sold together: The Stock Exchange asked companies to reduce the smallest traded lot of shares to 100 from 1,000.
→ See also job lot
(Definition of lot from the Cambridge Business English Dictionary © Cambridge University Press)
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