Geometric Interpretation of the Permanent

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The Permanent of a square matrix M = ($m_{i,j}$) is defined as follows:

$Perm(M) = \sum_{\sigma\in S_n}\prod_{i=1}^{n} m_{i,\sigma(i)}$

The Permanent is quite similar to the Determinant of a square matrix, defined as follows:

$Det(M) = \sum_{\sigma\in S_n}sign(\sigma)\prod_{i=1}^{n} m_{i,\sigma(i)}$

The Determinant has an intuitive geometric interpretation. Is anything similar known about the Permanent? If not, why does the signed sum of the permutations lend itself to a geometric interpretation and the unsigned sum does not?

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In the article by Terrance Tao linked in Keeler's answer, the first commenter, "nobody", points out that

As for a geometric interpretation of the permanent, we can think of the determinant of a vector space $\mathbb{R}^n$ (which is just a vector bundle over a point) as a section of the top (n-th) exterior power of that vector bundle; equally we can regard the permanent as a section of the n-th symmetric tensor bundle – and given a Young diagram, we can play the same sort of game for any immanant...

I wouldn't say this is a particularly intuitive explanation (I'm not sure I even really understand it), but I believe it adds something.