The minimum or smallest bounding or enclosing box is a term used in geometry. For a point set in N dimensions, it refers to the box with the smallest measure (area, volume, or hypervolume in higher dimensions) within which all the points lie. When other kinds of measure are used, the minimum box is usually called accordingly, e.g., "minimum-perimeter bounding box".

Source: Wikipedia.

Many GIS programs have functions to create bounding boxes.

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