American Depository Receipts are receipts given by American banks for deposits in foreign countries.

Name: American Depository Receipts are receipts given by American banks for deposits in foreign countries.
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American Depository Receipts (ADRs) are actually a type of security representing ownership in shares of a foreign company, held by a U.S. financial institution that represents the foreign security to U.S. investors. ADRs are not receipts for deposits made in foreign countries.

American Depository Receipts Are Receipts Given by American Banks for Deposits