American Depository Receipt

Definition of "American Depository Receipt"
  1. A substitute document issued by American banks that stands for ownership of foreign stocks, allowing these stocks to be traded easily on American stock exchanges and over-the-counter markets
How to use "American Depository Receipt" in a sentence
  1. She decided to invest in the German company through an American Depository Receipt.
  2. The American Depository Receipt made trading of the Japanese firm's shares easier on local markets.
  3. He kept his portfolio diverse through American Depository Receipts for various international companies.

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