American Depository Receipt

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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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American Depository Receipt (ADR)

a certificate of ownership issued to an individual or company investor by a US bank which holds (on deposit) the investor's or company's STOCKS and SHARES. The ADR serves as proof of the ownership of the securities held by the bank and can be used as a negotiable instrument.

American Depository Receipts have been used extensively by UK companies wishing to encourage investment by US institutional investors. Such companies lodge a proportion of their shares with a US bank, which then issues depository shares which can be traded on the US stock market.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Just like how preferred symbols will end in 'P', ADR symbols on OTC Markets end in 'Y' to alert shareholders that they are an ADR.
Furthermore, based on severity classification, Adverse drug reactions (ADRs) were classified as mild (laboratory abnormality or symptoms not requiring treatment), moderate (laboratory abnormality or symptoms requiring treatment /admission to hospital or resulting in non-permanent disability), severe (laboratory abnormality or symptoms that were life threatening or resulted in permanent disability), and fatal (any ADR that resulted in patient's death regardless and irrespective of the initial severity grading assessment).[13],[14] The United States (US) Food and Drug Administration defines a serious adverse event as one when the patient outcome is one of the following:[6]
Gastritis was the commonest ADR seen in 8 patients (23.52%), followed by Weakness (17.64%).
In certain countries, the order continues, "demand for ADR borrowing increased around dividend record dates so that certain tax-advantaged borrowers could, through a series of transactions, collect dividends without any tax withholding.
We determined suspected ADRs cases according to the International Conference on Harmonisation (ICH), which defined a suspected ADR as "any deviation of the expected clinical status (signs, symptoms and other clinical and laboratory findings)" (12).
Also, according to estimates, over 50 out of 1000 patients admitted in hospitals die due to ADRs in the country.
Nawaz Sharif stated that ADR complements the existing judicial system and helps the judiciary to focus on noncompoundable and other serious offences.
M2 EQUITYBITES-April 14, 2014--Citi named depositary for ADR programme of Tarena
Out of these 257 patients, 8 (3.11%) had developed one or other ADRs. However, further analysis showed that out of 160 male patients, 04 (2.5%) patients developed ADR and out of the 97 female patients, 04 (4.12%) patients developed adverse drug reactions (p= 0.7218).
Clinicians treating TB patients around the world know these medicines well and are usually well aware of their associated adverse drug reactions (ADRs) [1].
These drugs are highly effective and their free distribution through the national programme may increase the risk of adverse drug reactions (ADRs) and drug resistance.