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]