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Depository Receipt

   Also found in: Wikipedia 0.01 sec.
Depository Receipt
A negotiable financial instrument issued by a bank to represents a foreign company's publicly traded securities. The depository receipt trades on a local stock exchange.

Notes:
Depository receipts make it easier to buy shares in foreign companies because the shares of the company don't have to leave the home state.

When the depository bank is in the USA, the instruments are known as American Depository Receipts (ADR). European banks issue European depository receipts, and other banks issue global depository receipts (GDR).

Depository receipt
See: ADR American Depository Receipt
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American Depository Receipts are negotiable certificates that are used for trading foreign securities held in American banks.
Looking for ADRs: QA. (Ask B.E.) by Scott, Matthew S. / Black Enterprise
Trafalgar House PLC can be traded on the NYSE by the American Depository Receipt (ADR) system through Morgan Guaranty Trust.
Sewer extension completed by Real Estate Weekly
The Amalgamated Clothing and Textile Workers Union in early August notified 29 California municipalities, including the City of Los Angeles, that Security Pacific was actively buying the depository receipts at the London stock exchange, possibly in violation of anti-apartheid laws.
City will investigate bank for South African ties; Security Pacific ... by Jacobs, Chip / Los Angeles Business Journal
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