American Depositary Receipt

noun

Definition of American Depositary Receipt 

: a negotiable receipt that represents ownership of a foreign stock held in trust (as by the foreign branch of a U.S. bank) for an American citizen and that can be traded in dollars like shares of domestic companies

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First Known Use of American Depositary Receipt

1927, in the meaning defined above

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The first known use of American Depositary Receipt was in 1927

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