American Depositary Receipt (ADR)
American Depositary Receipt (ADR) is a certificate of ownership, issued by a U.S. bank, representing a claim on underlying foreign securities. ADRs may be traded in lieu of trading in the actual underlying shares.
Category: Banking & Finance
Previous: ← American terms
Next: Anticipated exposures →
More from this Section
- Contagion
Contagion is a form of financial panic, in which the devaluation of exchange rates by ... - Transferable Credit
Transferable Credit is a documentary credit under which the bank called upon to effect ... - Simple interest
Simple interest is a method for calculating the interest rate on a loan that adjusts for ... - Guaranteed renewable
Guaranteed renewable means continuance provision of a health insurance policy under which ... - Interest rate floors
Interest rate floors are put options on an interest rate. Interest rate floor refers to ...