Meaning

noun (often followed by `of') a large number or amount or extent

verb divide into lots, as of land, for example

noun a parcel of land having fixed boundaries

originFrom Middle English lot, from Old English hlot (“portion, choice, decision”), from Proto-West Germanic *hlut, from Proto-Germanic *hlutą. Cognate with North Frisian lod, Saterland Frisian Lot, West Frisian lot, Dutch lot, French lot, German Low German Lott, Middle High German luz. Doublet of lotto. Related also to German Los.

Etymology from Wiktionary, CC BY-SA 3.0