IPA: /ˈwʊdˌlɒt/
KK: /ˈwʊdˌlɑt/
A small area of land covered with trees, often used for growing timber or as a source of firewood.
The family owns a woodlot where they gather firewood every winter.
Woodlot → The word is formed from "wood" (from Old English *wudu*, meaning trees or forest) and "lot" (from Old English *lott*, meaning a portion or piece of land). A woodlot refers to a small area of land covered with trees.
Think of a 'lot' of land that is specifically filled with 'wood' or trees — that's what a woodlot is.
No commonly confused words.