Definitions for "depositary receipt"
Keywords:  foreign, receipt, negotiable, adrs, drs
see American Depositary Receipt.
A certificate which gives the holder, ownership of a specified number of shares in a company that have been deposited with a financial institution
A negotiable certificate representing ownership of shares in a foreign company, that is quoted and traded in the currency of the market in which it trades. DRs facilitate the purchase, holding or sale of securities by investors outside the home market.