A security issued in the United States that represents shares of a foreign stock and allows that stock to be traded in the United States is called a(n):

Question

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An American Depository Receipt (ADR) is a security issued in the United States that represents shares of a foreign stock and allows that stock to be traded in the United States. The Yankee bond is a debt instrument issued by a foreign entity in the U.S. market, Yankee stock does not exist as a financial instrument, Eurostock does not have a clear meaning, and foreign obligation trust certificate is not a commonly used term.

A Security Issued in the United States That Represents Shares