American Depositary Receipt

noun

: 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

Word History

First Known Use

1927, in the meaning defined above

Time Traveler
The first known use of American Depositary Receipt was in 1927

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Cite this Entry

“American Depositary Receipt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/American%20Depositary%20Receipt. Accessed 5 Feb. 2023.

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