The term LOT UNIT is composed of two words, ACRE (4 letters) and SHARE (5 letters). An ACRE is a unit of area measurement equal to 43, 560 square feet, or 10, 000 square meters. A SHARE is a unit of ownership in a company or other organization, typically represented by a certain number of stocks. Together, the two words form the term LOT UNIT, which is a unit of land ownership that is divided into multiple shares.