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American Depository Receipt Meaning

Regulations/Policies
Entertainment
From United States of America
To Canada
290 views / 1 experts
Leon L.
Jan 05, 2023

What is an American Depository Receipt?

1 answer

Jan 05, 2023

An ADR is a security that trades in the U.S. and in U.S. dollars, but represents claims to shares of a foreign stock. The ADR is created by a bank that purchases foreign stock and then issues receipts of that company in the U.S. for trading on an exchange or over the counter (OTC) market.

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