American Depositary Receipt Law and Legal Definition
An American depositary receipt (ADR) is a negotiable certificate issued by a U.S. bank representing a specific number of shares of a foreign stock traded on a U.S. stock exchange. ADRs make it easier for Americans to invest in foreign companies. ADRs enable investors to invest in non-US securities without concern for often complex and expensive cross-border transactions, and offer substantially the same economic, corporate and voting rights enjoyed by domestic shareholders of the non-US issuer. ADRs are considered US securities.
Legal Definition list
- American Declaration on the Right and Duties of Man
- American Customer Satisfaction Index
- American Council of State Savings Supervisors (ACSSS)
- American Convention on Human Rights
- American Continental Army
- American Depositary Receipt
- American Depository Receipt
- American Educational Research Association [AERA]
- American Employer
- American Experience Table of Mortality
- American FactFinder
Related Legal Terms
- Administration for Native Americans
- African Americans
- Alien Registration Receipt Card
- American 5-cent Coin Design Continuity Act of 2003
- American Academy of Actuaries [AAA]
- American Academy of Diplomacy
- American Academy of Forensic Sciences [AAFS]
- American Academy of Psychiatry and the Law [AAPL]
- American Arbitration Association
- American Association for Justice [AAJ]
