(abbreviation: ADR , also American depositary share)
Definition of American depositary receipt in English:
(In the US) a negotiable certificate of title to a number of shares in a non-US company that are deposited in an overseas bank.
- While I invest most of my savings in mutual funds, I also own some American depositary receipts of Europe's biggest drugmaker, which I bought more than ten years ago.
- You can browse among the hundreds of foreign companies that list their shares on U.S. exchanges using American depositary receipts.
- Separately, lawsuits have been filed by investors in France and the U.S., where their American depositary receipts trade.
Definition of American depositary receipt in:
- British & World English dictionary
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