Parcels of land are pieces of land that are owned by individuals or organizations. ACRES, which is a unit of measurement for land area, is a five-letter word for a parcel of land. Tracts, which is a six-letter word, is another term for a parcel of land that is usually larger than an acre. LOTS, which is a four-letter word, is a parcel of land that is typically smaller than an acre and is often used for residential purposes.