Parcel

Parcel
A 'Parcel' can refer to a piece of property under one ownership, a package sent through a common carrier, or the act of distributing items.
Tract
A tract, or parcel, of land is a defined area of real estate, typically held for the purpose of subdividing into smaller plots for development or sale.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.