Lote

Lote is a term used in Spanish and Portuguese with several related meanings, including a parcel, plot, or batch of items. In general, it denotes a defined unit or group that is treated as a single item for sale, processing, or identification.

In real estate and land use, a lote refers to a plot or parcel of land, often within a subdivision or lotting plan. Lotes are sold for development or construction and may have defined boundaries, dimensions, and zoning. The term is common across many Latin American countries and Portugal, where it is tied to the concept of urban lotting and property development.

In commerce and manufacturing, a lote denotes a batch or lot of goods produced, packaged, or inspected together. A lot number helps trace origin, production date, and quality during quality control, recalls, or inventory management. Lotes can vary in size and are used to organize stock, shipments, and product labeling, especially in food, pharmaceuticals, and consumer goods.

In financial markets and auctions, a lote can refer to a standard trading unit, such as a round lot of shares, or to a group of items offered for sale as a single unit at auction. The size and definition of a lote can differ by country, market, or product category, and may be contrasted with odd lots or miscelánea lots.

See also: property lot, lot numbering, batch (manufacturing), round lot.