Legal Definitions - seat

Definition: Membership and privileges in an organization, especially membership on a securities or commodities exchange. It can also refer to the center of some activity, such as the seat of government.

Examples:

• "Her seat at the exchange dates back to 1998." - This means that the person has been a member of the securities or commodities exchange since 1998.
• "The seat of government is located in the nation's capital." - This means that the principal offices of the national, state, and local governments are located in the nation's capital.

The examples illustrate how the term "seat" can refer to membership and privileges in an organization, as well as the center of some activity. In the first example, the person's "seat" at the exchange refers to their membership and privileges on the exchange. In the second example, the "seat" of government refers to the center of government activity.