American Depository Receipt (ADR)

By admin
In February 14, 2020
On
Comments off
653 Views

Receipt for the shares of a foreign based company held in the vault of a U.S. bank. Shareholders of ADRs are entitled to receive all dividends and capital gains. Individuals that want to own a foreign company without buying it on an overseas market can purchase an ADR listed on U.S. exchanges. (Source: ETFGuide)