Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 2nd July, 2019