A "piece of land" can be referred to in various ways, depending on its size, location, or purpose. It may be called a plot, parcel, acreage, lot, tract, or estate. A small piece of land can also be described as a patch or plot, while a larger area may be known as a farm, ranch, or plantation. If the land is used for building structures, it may be called a site or development. Other terms include homestead, holding, or allotment, which denote a specific type of land use. Whatever the name used, a piece of land represents a valuable asset and a significant investment for those who own it.