1) Berth 2) Billet 3) Office 4) Place 5) Position 6) Post 7) Situation 8) Spot 
• (n.) The condition or office of a director; directorate.
Used in the context of general equities. Stock status whereby a trader may not maintain positions in the security, due to an investment bank employee serving as a director on the corporation`s Board of Directors done to avoid conflicts of interest; signified by a flashing 'D' on Quotron. Contrast to restricted.
Investors purchase securities directly from the issuer.
Di·rect'or·ship noun The condition or office of a director; directorate. 
[n] - the position of a director of a business concern
noun the position of a director of a business concern