What term describes a distinct, corporeal immovable in property law?

The correct answer is "Estate." In property law, the term "estate" refers to the distinct interest or extent of ownership that an individual holds in a specific piece of property. This term encompasses various types of interests, such as freehold estates, leasehold estates, and life estates, which define how the property can be used and what rights the owner has.

Understanding "estate" is crucial, as it shows the legal rights associated with an immovable or real property, particularly regarding how that property is transferred or inherited. In the context of Louisiana law, which follows a civil law system, the terminology and understanding of estates play a significant role in property transactions and ownership rights.

While "parcel," "lot," and "property" might seem relevant, they do not capture the legal complexities and rights associated with ownership as distinctly as "estate." A parcel typically refers to a tract of land, a lot usually describes a designated portion of land within a larger parcel, and property is a broader term encompassing all forms of owned assets, not strictly limited to real estate or immovable property. Therefore, "estate" is the most precise term to describe a distinct corporeal immovable in property law.