seat

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

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seat seat [siːt] noun [countable]

1. a position as a member of a government or a group that makes official decisions:

• Since 2005, he has held a seat on the Board of Directors.

2. FINANCE a position as a member of a financial market:

• Foreign brokerage houses will be offered more seats on the Stock Exchange of Singapore.

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seat UK US /siːt/ noun [C]

► POLITICS an official position as a politician: a seat in sth »

a seat in Parliament/the House of Representatives

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She is expected to lose her seat at the next election.

► WORKPLACE, MANAGEMENT an official position as a member of a group of people who control a company or organization: a seat on sth »

The investors demanded several seats on the board.

► STOCK MARKET, FINANCE a position as a member of a particular stock exchange, commodities exchange, etc. who has the right to trade there: a seat on sth »

A seat on the New York Exchange confers membership in the exchange.

► COMMERCE, TRANSPORT one of the places on a plane, etc. or in a theatre, etc. where the passengers or audience sit: »

We managed to find a seat on a later flight.

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The best seats at the concert had been reserved for corporate sponsors.

→ See also BACK(Cf. ↑back) adjective, BE IN THE DRIVING SEAT(Cf. ↑be in the driving seat), THE HOT SEAT(Cf. ↑the hot seat)