Let $\Lambda$ be a lattice in $\mathbb R^n$ generated by the columns of a square matrix $B$ of order $n$.
If $\Lambda$ is full rank, then the quantity $d(\Lambda)=|\det B|$ has a simple geometrical meaning: it is the volume of a fundamental parallelepiped of $\Lambda$. Thus, for instance, the condition $|\det B|\le 1$ means that the volume of the fundamental parallelepiped of $\Lambda$ is at most $1$.
Suppose however that the rank of $\Lambda$ is $r<n$; therefore, $B$ is degenerate. What does it mean that every square submatrix of $B$ of order $r$ has determinant not exceeding $1$ in absolute value?