PL meaning in Business ?

A unit of real estate or immovable property is limited by a legal boundary (sometimes also referred to as a property line or a lot line). The boundary (in Latin: limes) may appear as a discontinuation in the terrain: a ditch, a bank, a hedge, a wall, or similar, but essentially, a legal boundary is a conceptual entity, a social construct, adjunct to the likewise abstract entity of property rights.

A cadastral map displays how boundaries subdivide land into units of ownership. However, the relations between society, owner, and land in any culture or jurisdiction is conceived of in terms more complex than a tessellation. Therefore, the society concerned has to specify the rules and means by which the boundary concept is materialized and located on the ground.

A 'Western' version of the operationalization might be a legally specified procedure, performed by a chartered surveyor, supported by statements from neighbors and pertinent documents, and resulting in official recording in the cadastre as well as boundary markings in the field. Alternatively, indigenous people represent boundaries through ephemeral performances, such as song and dance, and, when in more permanent form, e.g. paintings or carvings, in artistic or metaphorical manner.