Seat

(redirected from seated)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, 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 classic literature ?
Until his parent was placed comfortably in bed, with Natty seated at his side, Effingham did not quit him.
When he returned to the mansion-house, at ten, Richard and the Major were still seated at the table.
said Sir Henry, pointing to the brown creature seated on the table.
Presently she stopped and pointed at the brown object seated on the table.
The lady was seated in a stiff, high-backed arm-chair, with a small round table, containing a desk and a work-basket on one side of her, and her little boy on the other, who stood leaning his elbow on her knee, and reading to her, with wonderful fluency, from a small volume that lay in her lap; while she rested her hand on his shoulder, and abstractedly played with the long, wavy curls that fell on his ivory neck.
laughed she, and, instantly quitting her seat, she sought refuge at the window by which I was seated, and, in very desperation, to escape my brother's persecutions, endeavoured to draw me into conversation.
And then a man who seemed to be all shirt-front danced backward before her; and next she was seated at a little table by a railing over which climbed a jessamine vine.
To avoid seeing anyone, she got up quickly and seated herself at the opposite window of the empty carriage.
The couple seated themselves on the opposite side, and intently but surreptitiously scrutinized her clothes.