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American Depository Receipt |
Also found in: Financial, Wikipedia | 0.14 sec. |
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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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? References in periodicals archive |
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Trafalgar House PLC can be
traded on the NYSE by the American Depository Receipt (ADR) system
through Morgan Guaranty Trust. pSivida listed on a Level 2 American Depository Receipt (ADR)
program on the NASDAQ National Market in January 2005 in which Citigroup
was selected as the Depository Bank to administer the ADR program. (1) Common stock and American Depository Receipt (ADR) traded on
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American Depository Receipt