Parceling
Parceling refers to the act of dividing a larger tract of land or other assets into smaller, legally defined portions called parcels. The term is most often used in real estate to describe the subdivision of property for sale, development, or taxation, but can also apply to the packaging of goods into parcels for shipment or distribution.
In land use and real estate, parceling creates discrete parcels with boundaries described by surveys and plats.
The process may differ by jurisdiction; common steps include land survey, preparation of a plat or parcel
In commerce, parceling refers to packaging goods into parcels for shipping. It includes selecting appropriate packaging,
Related terms include parcel map, subdivision, partition (for co-owners), and assessor's parcel number.