Private Lake means a lake owned by a private lake association or similar organization, or a lake to which access is not provided to the general public.
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There is no absolute definition between the two. The one used most often is the 5-acre rule: Ponds are less than 5 acres while lakes are more than 5 acres. Since most ponds across the country are less than an acre, we will use the term pond for the sake of this blog post.