Seat

(redirected from Seatless)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 periodicals archive ?
And, what's more, you can have a party on the way, as there's a disco - in truth, more a seatless carriage with flashing lights and loud music - on the train.
Two grateful teens, not knowing quite what hit them, find themselves dripping inside a seatless Baywatch boat.
to seatless bicycles, and frozen orgasms from men with candy.
Customers may be enjoying themselves more than bookmakers, even in the distant Course enclosure, where the stand is not a thing of beauty (nor is the seatless one in the Grandstand enclosure) but the bar and toilets are of a reasonable standard, and you can see and hear the runners jump the nearby fence.