Definition of home lot in US English:

home lot

noun

US
  • In early use: a plot of land assigned to a particular owner for the purpose of building a house or farm on; = "homestead". Later more generally: a plot of land suitable for building a house on; a building plot.

Origin

Mid 17th century. From home + lot.

Pronunciation

home lot

/ˌhəʊm ˈlɒt/