| 1. | something designed to support a person in a sitting position, as a chair, bench, or pew; a place on or in which one sits. |
| 2. | the part of a chair, sofa, or the like, on which one sits. |
| 3. | the part of the body on which one sits; the buttocks. |
| 4. | the part of the garment covering it: the seat of one's pants. |
| 5. | a manner of or posture used in sitting, as on a horse. |
| 6. | something on which the base of an object rests. |
| 7. | the base itself. |
| 8. | a place in which something belongs, occurs, or is established; site; location. |
| 9. | a place in which administrative power or the like is centered: the seat of the government. |
| 10. | a part of the body considered as the place in which an emotion or function is centered: The heart is the seat of passion. |
| 11. | the office or authority of a king, bishop, etc.: the episcopal seat. |
| 12. | a space in which a spectator or patron may sit; accommodation for sitting, as in a theater or stadium. |
| 13. | right of admittance to such a space, esp. as indicated by a ticket. |
| 14. | a right to sit as a member in a legislative or similar body: to hold a seat in the senate. |
| 15. | a right to the privileges of membership in a stock exchange or the like. |
| 16. | to place on a seat or seats; cause to sit down. |
| 17. | to usher to a seat or find a seat for: to be seated in the front row. |
| 18. | to have seats for; accommodate with seats: a theater that seats 1200 people. |
| 19. | to put a seat on or into (a chair, garment, etc.). |
| 20. | to install in a position or office of authority, in a legislative body, etc. |
| 21. | to fit (a valve) with a seat. |
| 22. | to attach to or place firmly in or on something as a base: Seat the telescope on the tripod. |
| 23. | (of a cap, valve, etc.) to be closed or in proper position: Be sure that the cap of the dipstick seats. |
| 24. | by the seat of one's pants, using experience, instinct, or guesswork. |

seat (sēt) n.
v. tr.
To rest on or fit into another part: The O-rings had not seated correctly in their grooves. [Middle English sete, probably from Old Norse sæti; see sed- in Indo-European roots.] |
seat
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Seat
Membership to the NYSE.
Investopedia Commentary
Owning a seat on the NYSE enables one to trade on the floor of the exchange, as an agent either for someone else (floor broker) or for one's own personal account (floor trader). The phrase "owning a seat on the exchange" originates in a time before 1871, until which the exchange operated in a 'call-market' fashion, which means stocks were traded individually. With this type of trading, each member would sit in an assigned seat and participate in the buying and selling of desired stocks as they were called for trading.
Related Links
The Tale Of Two Exchanges: NYSE And Nasdaq
See also: Agent, Broker, Exchange, Floor Broker, Floor Trader, Market, Member Firm, NYSE, Specialist
seat
seat
In addition to the idiom beginning with seat, also see backseat driver; catbird seat; hot seat; in the driver's seat; ringside seat; take a back seat.