American Depositary Receipt - ADR
- American Depositary Receipt - ADR
- A negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a foreign stock that is traded on a U.S. exchange. ADRs are denominated in U.S. dollars, with the underlying security held by a U.S. financial institution overseas. ADRs help to reduce administration and duty costs that would otherwise be levied on each transaction.
This is an excellent way to buy shares in a foreign company while realizing any dividends and capital gains in U.S. dollars. However, ADRs do not eliminate the currency and economic risks for the underlying shares in another country. For example, dividend payments in euros would be converted to U.S. dollars, net of conversion expenses and foreign taxes and in accordance with the deposit agreement. ADRs are listed on either the NYSE, AMEX or Nasdaq.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
American Depositary Receipt — ( ADR) certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may represent a portion of a foreign share, one share or a bundle of shares of … Financial and business terms
American depositary receipt — ( ADR) Trust receipts equal to a specific number of shares of corporate stock issued in a foreign country. ADRs are sold and traded in the United States. American Banker Glossary * * * ► See ADR. * * * American Depositary Receipt UK US noun… … Financial and business terms
American Depositary Receipt — (ADRs) A mechanism designed to facilitate trading in shares of non US companies in the US stock markets. The main purpose is to create an instrument which can easily be settled through US stock market clearing systems. + American Depositary… … Law dictionary
American depositary receipt — Banking A series on Financial services … Wikipedia
American Depositary Receipt — Als American Depositary Receipt (ADR, oft auch American Depository Receipt oder American Depositary Share) werden auf Dollar lautende, von US amerikanischen Depotbanken (depositary banks) in den USA ausgegebene Aktienzertifikate bzw.… … Deutsch Wikipedia
American Depositary Receipt — Saltar a navegación, búsqueda ADR (sigla en inglés de American Depositary Receipt) es un título físico que respalda el depósito en un banco estadounidense de acciones de compañías cuyas sociedades fueron constituidas fuera de aquel país, de… … Wikipedia Español
American Depositary Receipt — ADR Le american depositary receipt o adr sono dei certificati sostitutivi di azioni che consentono la contrattazione sul mercato americano di titoli emessi su altre piazze finanziarie. Versione statunitense di uno strumento internazionale… … Glossario di economia e finanza
American Depositary Receipt — n. a receipt representing foreign shares of stock held on deposit in an American bank: receipts are denominated in U.S. dollars and traded on American exchanges: also ADR * * * … Universalium
American Depositary Receipt — n. a receipt representing foreign shares of stock held on deposit in an American bank: receipts are denominated in U.S. dollars and traded on American exchanges: also ADR … English World dictionary
American Depositary Receipt — An American Depositary Receipt (or ADR) represents the ownership in the shares of a foreign company trading on US financial markets. The stock of many non US companies trades on US exchanges through the use of ADRs. ADRs enable US investors to… … Wikipedia
