american depository receipt

American depository receipt. A receipt issued by an American bank as a substitute for stock shares in a for-eign-based corporation. • ADRs are the most common method by which foreign companies secure American shareholders. Companies that offer ADRs maintain a stock listing in their domestic market in their domestic currency, while the ADRs are held in U.S. dollars and listed on a U.S. stock exchange, usu. the New York Stock Exchange. — Abbr. ADR. — Also termed American depositary receipt. [Cases: Corporations 94. C.J.S. Corporations § 172.]

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词条贡献者

译员Nanda，毕业于英国顶尖的高级翻译学院，专注翻译各种与证券和消费者集体诉讼有关的法律文件。