Business, Legal & Accounting Glossary
An American Depositary Receipt (also known as an ADR) is a negotiable certificate of title to a number of shares in a non-US company which are deposited in an overseas bank.
An American Depositary Receipt (ADR) is a receipt issued by a US bank to a member of the US public who has bought shares in a foreign country.
The depositary certificates are denominated in US dollars and may be traded as security in the US markets.
ADR’s pose the advantages of providing a reduction in administration costs and an avoidance of stamp duty on each transaction.
A negotiable certificate issued by a U.S. bank representing a specific number of shares of a foreign stock traded on a U.S. stock exchange. ADRs make it easier for Americans to invest in foreign companies, due to the widespread availability of dollar-denominated price information, lower transaction costs, and timely dividend distributions.
NYSE Amex Composite Index
Global Depositary Receipt
American depositary receipt (ADR) ratio
American depositary receipt (ADR) fees
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This glossary post was last updated: 1st November, 2021 | 11 Views.