American Depository Receipt

(redirected from American Depositary Receipt)
Also found in: Dictionary, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to American Depositary Receipt: Adr, American Depositary Receipt Fees

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.

Full browser ?