What is the meaning of Senate?

In some bicameral legislative systems, the upper house or chamber.

A group of experienced, respected, wise individuals serving as decision makers or advisors in a political system or in institutional governance, as in a university, and traditionally of advanced age.

In Germany, the executive branch of government in the city states of Berlin, Bremen, and Hamburg; the governments of cities that were part of the Hanseatic League; and the bench in a higher appellate court.

Source: wiktionary.org