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GDR |
Also found in: Dictionary/thesaurus, Acronyms, Hutchinson | 0.04 sec. |
Global depositary receipt (GDR). To raise money in more than one market, some corporations use global depositary receipts (GDRs) to sell their stock on markets in countries other than the one where they have their headquarters. The GDRs are issued in the currency of the country where the stock is trading. For example, a Mexican company might offer GDRs priced in pounds in London and in yen in Tokyo. Individual investors in the countries where the GDRs are issued buy them to diversify into international markets. GDRs let you do this without having to deal with currency conversion and other complications of overseas investing. However, since GDRs are frequently offered by newer or less-known companies, the prices are often volatile and the stocks may be thinly traded. That makes buying GDRs riskier than buying domestic stocks. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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It reached its vulgar crescendo when the former East German figure skater--and former Stasi asset--Katarina Witt, clad in the powder blue uniform of the Young Pioneers, hosted The GDR Show, an airbrushed walk through the East's recent past. Considering Berlin's astronomical debt--fifty billion euros and rising--tearing down a defunct parliament building to rebuild a defunct castle recalls the symbolic excesses of both the Third Reich and the GDR, two regimes that sacrificed the welfare of citizens for ideological ends, albeit with vastly different political agendas. Under Ulbricht the GDR was admitted to the United Nations and achieved modest prosperity. |
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