Which term best describes the division of land for development?

The term that best describes the division of land for development is subdivision. This process involves splitting a larger parcel of land into smaller lots or parcels, which can then be sold or developed individually. It plays a crucial role in real estate by allowing for organized development of residential and commercial properties, ultimately leading to increased land use efficiency and the establishment of structured communities.

Subdivision typically includes various steps such as surveying the land, obtaining necessary permits, and complying with local zoning regulations. This ensures that the development plans align with local laws and community needs. Each lot created through the subdivision process can often be developed independently for various purposes, whether residential, commercial, or industrial, making it a fundamental concept in real estate development.

On the other hand, the other terms do not accurately reflect this specific process. Substitution refers to an economic principle in valuation, segmenting might suggest division into parts but is not commonly used in the context of real estate land division, and amalgamation is the process of combining multiple parcels into one larger parcel. Thus, subdivision is the term that correctly fits the description of dividing land for development.