Aug 18 2010

What is an American Depository Receipt (ADR)?

Category: Finance

Answer:

American Depository Receipts or ADRs are certificates representing shares or ownership of foreign corporations. ADRs allow US investors the ability to purchase shares of stock from non-US based companies on US stock exchanges. American Depository Receipts are a flexible solution that eliminates the inconveniences associated with currency conversion and foreign taxes involved with purchasing stock in foreign markets.


Tags: , , , , ,


 

 

Challenge this Answer and/or Discuss