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In the video, Tiffany Weber, a real estate attorney in Mooresville, North Carolina, explains the distinction between a boat slip and a dock, particularly in the context of Lake Norman real estate. Many people confuse these terms, but they are not synonymous. A pier is the structure that connects the land to the water, while a dock is the designated area where watercraft are parked. Owners of lakefront property typically have a pier leading to their dock, which is part of their property. Using the terms interchangeably is common, but understanding their differences is important for effective communication with real estate professionals and services like Duke Lake Services.