1. A particular parcel of land, property, or goods that has been clearly identified and designated
The buyer purchased the specified lot at the auction.
O comprador adquiriu o lote especificado no leilão.
2. In legal or commercial contexts, a distinctly identified portion of inventory or real estate with defined boundaries or characteristics
The contract refers to the specified lot number 247 in the subdivision.
O contrato refere-se ao lote especificado número 247 no loteamento.