Seat


Also found in: Dictionary, Thesaurus, Medical, Acronyms, Idioms, Encyclopedia, Wikipedia.
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 ?
She appeared to be looking over at our own seat, whereon was a dark figure seated alone.
18 August.--I am happy today, and write sitting on the seat in the churchyard.
All the morbid reticence seems to have passed from her, and she has just reminded me, as if I needed any reminding, of that night, and that it was here, on this very seat, I found her asleep.
"I saw that you couldn't, and that's the reason I told you to take your seat, and left him in the corner.
The seats were higher in the back of the room, and the more advanced and longer-legged pupils sat there, the position being greatly to be envied, as they were at once nearer to the windows and farther from the teacher.
If you would have me do battle with Menelaus, bid the Trojans and Achaeans take their seats, while he and I fight in their midst for Helen and all her wealth.
The two sages, Ucalegon and Antenor, elders of the people, were seated by the Scaean gates, with Priam, Panthous, Thymoetes, Lampus, Clytius, and Hiketaon of the race of Mars.
"And what on earth is /that thing/?" 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 judge had no sooner taken his seat, than the officer on the floor of the court called out 'Silence!' in a commanding tone, upon which another officer in the gallery cried 'Silence!' in an angry manner, whereupon three or four more ushers shouted
'I merely wanted to observe, my Lord,' said the chemist, taking his seat with great deliberation, 'that I've left nobody but an errand-boy in my shop.
He seated himself beside her and kissed her lightly upon the shoulder.