SEAT
seat,n.1. Membership and privileges in an organization; esp., membership on a securities or
commodities exchange <her seat at the exchange dates back to 1998>. [Cases: Exchanges 7.
C.J.S. Exchanges § 15.] 2. The center of some activity <the seat of government>. sea lane.Int’l & maritime law. A designated course or regularly used route for ships, esp. in
restricted waters such as harbors and straits. • Although sea lanes have obvious safety advantages,
they were long resisted by sea captains, who saw them as a threat to their freedom to navigate. [Blacks Law 8th]