American Depository Receipt

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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.

References in periodicals archive ?
American Depository Receipts are securities that are issued by American banks upon deposit of shares.
Samson's American Depository Receipts are traded on the American Stock Exchange under the symbol "SSN", and each ADR represents 20 fully paid Ordinary Shares of Samson.
MASISA, which listed its American Depository Receipts on the NYSE in June 1993, is the leading manufacturer in Chile of raw, melamine laminated and wood veneered particle board.
1%, which is listed on the NYSE through American Depository Receipts.
In connection with the Mothers listing, IIJ plans to issue 12,500 new shares (equivalent to 5,000,000 American Depository Receipts ("ADRs")) and two shareholders, NIF SMBC Ventures Co.
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