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American Depository Receipt
(redirected from ADRS)

    Also found in: Legal, Acronyms, Encyclopedia 0.01 sec.
American Depository Receipt
A certificate issued by an American bank representing a share of a foreign stock that the bank holds in trust but that is traded on an American stock exchange. An American depository receipt is dollar-denominated and entitles the bearer to any dividends and other benefits associated with the stock underlying it. ADRs can be traded like any other security. ADRs shield investors from foreign exchange risk and any applicable tariffs they would have had to pay if they had bought the stock outright. They also exempt the investor from any other requirements the foreign exchange authority might have levied. See also: International Depository Receipt.
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Houston began her career as a social worker at the Alabama Institute for Deaf and Blind, and has worked at ADRS for the past 24 years.
Alabama Department of Rehabilitation Services by Journal of Visual Impairment & Blindness
The corrected release reads: SISTEMA ANNOUNCES TRANSACTION IN OWN SHARES AND PURCHASE OF REVERSE CONVERTIBLE CERTIFICATES FOR MTS ADRS Sistema (LSE:SSA), the largest private sector consumer services company in Russia and the CIS, today announced that it intends to purchase its own stock through a wholly owned subsidiary "Sistema Finance Investments" at a price of US$ 1,350 per share for a total cash consideration of up to US$ 150 million.
Sistema Announces Transaction in Own Shares and Purchase of Reverse ... by Business Wire
 
 
 
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