The term LOT, OFTEN is an acronym for 'Lands of Opportunity Tax Exemption', which is a tax incentive program offered by the United States government. The program allows landowners to receive a tax break on their land if they use it for agricultural, forestry, or conservation purposes. The crossword solution for this term is ACRE, which stands for 'Area Covered by Real Estate'. An ACRE is a unit of measurement used to measure land area, and is equal to 43, 560 square feet.