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American Depository Receipt (ADR)

Definition of 'American Depository Receipt (ADR)'

Document giving the owner rights to UK shares which have been lodged in a US Depository. They are effectively bearer documents. They are issued by US banks to give American investors access to UK shares.

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Related Terms

Depository Receipts Japan Securities Depositary Centre (JASDEC)American Style Option Blue Chip Cash-Conversion Cycle Time Value of Money Unrelated Business Taxable Income Central Securities Depository (CSD)Kassenverein

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