AMERICAN DEPOSITORY RECEIPT
American depository receipt.A receipt issued by an American bank as a substitute for stock
shares in a for-eign-based corporation. • ADRs are the most common method by which foreign
companies secure American shareholders. Companies that offer ADRs maintain a stock listing in
their domestic market in their domestic currency, while the ADRs are held in U.S. dollars and
listed on a U.S. stock exchange, usu. the New York Stock Exchange. — Abbr. ADR. — Also
termed American depositary receipt. [Cases: Corporations 94. C.J.S. Corporations § 172.] [Blacks Law 8th]