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American Depository Receipt
(redirected from ADRS)

   Also found in: Financial, Acronyms, Encyclopedia 0.01 sec.

American Depository Receipt n. called in the banking trade an ADR, it is a receipt issued by American banks to Americans as a substitute for actual ownership of shares of foreign stocks. ADRs are traded on American stock exchanges and over-the-counter easily without the necessity of trading the foreign shares themselves.



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Houston began her career as a social worker at the Alabama Institute for Deaf and Blind, and has worked at ADRS for the past 24 years.
The corrected release reads: SISTEMA ANNOUNCES TRANSACTION IN OWN SHARES AND PURCHASE OF REVERSE CONVERTIBLE CERTIFICATES FOR MTS ADRS Sistema (LSE:SSA), the largest private sector consumer services company in Russia and the CIS, today announced that it intends to purchase its own stock through a wholly owned subsidiary "Sistema Finance Investments" at a price of US$ 1,350 per share for a total cash consideration of up to US$ 150 million.
 
 
 
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