### Question
How is the term lot defined?


### Answer
The term **lot** is defined in *7 U.S.C. § 1635a* as the following:

> a group of one or more livestock that is identified for the purpose of a single transaction between a buyer and a seller

#### Citation:
  - *7 U.S.C. § 1635a*
  - Heading: **CHAPTER 38-DISTRIBUTION AND MARKETING OF AGRICULTURAL PRODUCTS > SUBCHAPTER II-LIVESTOCK MANDATORY REPORTING > Part A-Purpose; Definitions**

