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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“American Depositary Receipt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/American%20Depositary%20Receipt. Accessed 23 Oct. 2021.
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The first known use of American Depositary Receipt was in 1927
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