A piece of property is a tangible ASSET that can be owned by an individual or business. The term 'ASSET' is used to describe a 5-letter piece of property, while 'CHATTEL' is a 7-letter term for a movable piece of property. A 4-letter PLOT of land is known as a 'PLOT, ' and a 3-letter piece of land is referred to as 'SOD.' An ACRE is a 4-letter unit of measurement for land, and 'oneacre' is a 7-letter term for a single ACRE of land.