American Depositary Shares
Shares evidenced by American Depositary Receipts (ADRs). ADSs are issued by a depositary bank and represent one or more shares of a non-US issuer held by the depositary bank. The main purpose of ADSs is to facilitate trading in shares of non-US companies in the US markets and, accordingly, ADRs which evidence ADSs are in a form suitable for holding in US clearing systems.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • American Depositary Receipts — (ADRs) A mechanism designed to facilitate trading in shares of non US companies in the US stock markets. The main purpose is to create an instrument which can easily be settled through US stock market clearing systems. + American Depositary… …   Law dictionary

  • American Depositary Receipt — (ADRs) A mechanism designed to facilitate trading in shares of non US companies in the US stock markets. The main purpose is to create an instrument which can easily be settled through US stock market clearing systems. + American Depositary… …   Law dictionary

  • American depositary receipt — Banking A series on Financial services …   Wikipedia

  • American Depositary Receipts — Certificates issued in the USA representing the right to ownership of shares in a UK (or other foreign) company. A bank will buy shares in a UK company and issue receipts into the USA in respect of those shares. Typically, one ADR will represent… …   Financial and business terms

  • American Depositary Receipt — ( ADR) certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may represent a portion of a foreign share, one share or a bundle of shares of …   Financial and business terms

  • American Depositary Share - ADS — A U.S. dollar denominated equity share of a foreign based company available for purchase on an American stock exchange. American Depositary Shares (ADSs) are issued by depository banks in the U.S. under agreement with the issuing foreign company; …   Investment dictionary

  • American depositary receipt — ( ADR) Trust receipts equal to a specific number of shares of corporate stock issued in a foreign country. ADRs are sold and traded in the United States. American Banker Glossary * * *    ► See ADR. * * * American Depositary Receipt UK US noun… …   Financial and business terms

  • American Depositary Receipt — n. a receipt representing foreign shares of stock held on deposit in an American bank: receipts are denominated in U.S. dollars and traded on American exchanges: also ADR * * * …   Universalium

  • American Depositary Receipt — n. a receipt representing foreign shares of stock held on deposit in an American bank: receipts are denominated in U.S. dollars and traded on American exchanges: also ADR …   English World dictionary

  • American Depositary Receipt — An American Depositary Receipt (or ADR) represents the ownership in the shares of a foreign company trading on US financial markets. The stock of many non US companies trades on US exchanges through the use of ADRs. ADRs enable US investors to… …   Wikipedia

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