Usually means: Ownership rights to trade securities.
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We found 4 dictionaries that define the word membership or a seat on the exchange:

Business (4 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Membership or a seat on the exchange: bizterms.net
  3. Membership or a seat on the exchange: Bloomberg Financial Glossary
  4. Membership or a seat on the exchange: Financial dictionary



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