The SEED phrase is a set of words that allows you get access to funds of your Waves address.
When you registering an account, you will be asked to save your secret phrase (Seed) which contains 15 English words with spaces between each word.
For example, a standard SEED phrase will always generating one Waves address:
The seed phrase: uncle push human bus echo drastic garden joke sand warfare sentence fossil title color combine
Generated Waves address: 3P9KR33QyXwfTXv8kKtNGZYtgKk3RXSUk36
How it looks like in the Waves app:
If you are importing the SEED passphrase and you are getting a completely different Waves address, in this case, there are changes in the imported phrase. In other words, one SEED phrase will always generate only one Waves address. If the address is different, it means that the phrase has differences in at least one character. Read more - I'm trying to restore my account, but I'm getting a different waves address.
To get more information about account restoring, please read the following article:
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