Seat


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Related to Seat: drivers seat, mercy seat

Seat

Position of membership on a securities or commodity exchange, bought and sold at market prices.

Seat

An individual or firm's right to trade on an exchange floor. Seats are bought and sold according to an individual's or firm's needs and desires, and they can be very expensive. Most exchanges have a set number of seats; for example, on the New York Stock Exchange there are 1366 seats, which may cost up to $1 million each. Most exchanges only recognize individual members; member firms are usually informal terms for broker-dealer firms that have at least one principal officer with a seat on an exchange. A seat is also called a membership.

seat

Membership on an organized securities exchange. Because the number of seats on an exchange is generally fixed, membership may be acquired only by purchasing a seat from an existing owner at a negotiated or an offered price.
References in classic literature ?
I saw that you couldn't, and that's the reason I told you to take your seat, and left him in the corner.
For who can yet beleeve, though after loss, That all these puissant Legions, whose exile Hath emptied Heav'n, shall faile to re-ascend Self-rais'd, and repossess their native seat.
She appeared to be looking over at our own seat, whereon was a dark figure seated alone.
Then he said to Melanthius the goatherd, "Look sharp, light a fire in the court, and set a seat hard by with a sheep skin on it; bring us also a large ball of lard, from what they have in the house.
When they came to the house of Alexandrus the maid-servants set about their work, but Helen went into her own room, and the laughter-loving goddess took a seat and set it for her facing Alexandrus.
To pass from the seat, to the house itself; we will do as Cicero doth in the orator's art; who writes books De Oratore, and a book he entitles Orator; whereof the former, delivers the precepts of the art, and the latter, the perfection.
Or on the seat," said Flambeau, and pointed to the little table.
And as they drove off, with the maid beside the coachman, and their shining bridal bags on the seat before them, she went on excitedly: "Only fancy, I've never been inside it--have you?
There was a general movement as the princess, smiling and talking merrily to everyone at once, sat down and gaily arranged herself in her seat.
He bowed the stranger to a seat, and hastened to an inner room with the armlet in his hand.
After he was gone, Rosamond tried to get up from her seat, but fell back fainting.
I daresay that when night comes, this Hyde Park which is so gay by day, is haunted by the ghosts of many mothers, who run, wild-eyed, from seat to seat, looking for their sons.