American depositary receipt: Difference between revisions
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Also spelled American depository receipt. | Also spelled American ''depository'' receipt. | ||
Revision as of 16:37, 3 February 2018
(ADR).
Certificate of ownership issued by a US bank to investors in place of the underlying corporate shares, which are held in custody.
The benefits of ADRs to investors include reduced administrative burdens.
The benefits to non-US issuers include lighter regulation, compared with listing the underlying shares directly on a US exchange.
Also spelled American depository receipt.
