Concept information
Preferred term
American Depository Receipt
Definition
- An American Depository Receipt (ADR) is a U.S. dollar-denominated negotiable certificate that represents shares listed on an overseas stock exchange that is traded in the United States. ADRs are issued in the United States by a depository bank that owns the underlying foreign shares and holds them in custody in their country of origin. [Source: Encyclopedia of Business in Today's World; American Depository Receipt]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/American_Depository_Receipt
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