American Depositary Receipt

American Depositary Receipt - An American Depositary Receipt (ADR) is a negotiable certificate issued by a U.S. bank representing a specified number of shares of a foreign company's stock. ADRs trade on American financial markets as a convenient way for U.S. investors to purchase stock in foreign companies.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/R72AecsDMVJ5iUX9CeOv4Dt
Label (rdfs): American Depositary Receipt
Preferred Label: None
Alternative Labels: ADR
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Definition and Examples

Definition: An American Depositary Receipt (ADR) is a negotiable certificate issued by a U.S. bank representing a specified number of shares of a foreign company's stock. ADRs trade on American financial markets as a convenient way for U.S. investors to purchase stock in foreign companies.
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Class Relationships

Sub Class Of: Equities Investment Assets
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Additional Information

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Deprecated: False

Metadata

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