Home > Term: American Depository Receipts (ADRs)
American Depository Receipts (ADRs)
American Depository Receipts (ADRs) are receipts held by an U.S. bank that represent stock in a foreign firm. ADRs trade in U.S. dollars, making it simpler for U.S. investors to invest in overseas markets. British Telecomm (BTY) is an example of an ADR.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- MJ63
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