Global Depositary Receipt

Business, Legal & Accounting Glossary

Definition: Global Depositary Receipt


Quick Summary of Global Depositary Receipt


A certificate which represents ownership of a given number of a company’s shares and which can be listed and traded independently from the underlying shares.




Full Definition of Global Depositary Receipt


Global Depositary Receipts are negotiable certificates which prove ownership of a company’s shares.

They are marketed internationally, mainly to financial institutions.

GDRs allow purchasers to gain exposure to companies which are listed on foreign markets without having to purchase the shares directly in the market in which they are listed.


Synonyms For Global Depositary Receipt


GDR

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Definition Sources


Definitions for Global Depositary Receipt are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 1 Views.