Source : Webster's Revised Unabridged Dictionary (1913)

Lot \Lot\, v. t. [imp. & p. p. {Lotted}; p. pr. & vb. n.
   {Lotting}.]
   To allot; to sort; to portion. [R.]

   {To lot on} or {upon}, to count or reckon upon; to expect
      with pleasure. [Colloq. U. S.]

Source : WordNet®

lot
     n 1: (often followed by `of') a large number or amount or extent;
          "a batch of letters"; "a deal of trouble"; "a lot of
          money"; "he made a mint on the stock market"; "it must
          have cost plenty" [syn: {batch}, {deal}, {flock}, {good
          deal}, {great deal}, {hatful}, {heap}, {mass}, {mess}, {mickle},
           {mint}, {muckle}, {peck}, {pile}, {plenty}, {pot}, {quite
          a little}, {raft}, {sight}, {slew}, {spate}, {stack}, {tidy
          sum}, {wad}, {whole lot}, {whole slew}]
     2: a parcel of land having fixed boundaries; "he bought a lot
        on the lake"
     3: your overall circumstances or condition in life (including
        everything that happens to you); "whatever my fortune may
        be"; "deserved a better fate"; "has a happy lot"; "the
        luck of the Irish"; "a victim of circumstances"; "success
        that was her portion" [syn: {fortune}, {destiny}, {fate},
        {luck}, {circumstances}, {portion}]
     4: any collection in its entirety; "she bought the whole
        caboodle" [syn: {bunch}, {caboodle}]
     5: an unofficial association of people or groups; "the smart
        set goes there"; "they were an angry lot" [syn: {set}, {circle},
         {band}]
     6: anything (straws or pebbles etc.) taken or chosen at random;
        "the luck of the draw"; "they drew lots for it" [syn: {draw}]
     7: (Old Testament) nephew of Abraham; God destroyed Sodom and
        Gomorrah but chose to spare Lot and his family who were
        told to flee without looking back at the destruction
     [also: {lotting}, {lotted}]

lot
     v 1: divide into lots, as of land, for example
     2: administer or bestow, as in small portions; "administer
        critical remarks to everyone present"; "dole out some
        money"; "shell out pocket money for the children"; "deal a
        blow to someone" [syn: {distribute}, {administer}, {mete
        out}, {deal}, {parcel out}, {dispense}, {shell out}, {deal
        out}, {dish out}, {allot}, {dole out}]
     [also: {lotting}, {lotted}]

lotting
     See {lot}