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American Depositary Receipt (ADR)  

Definition 1.

American depositary receipts, or ADRs, represent shares of foreign companies traded in US dollars on US exchanges. For all intents and purposes, they are just like shares; you buy and sell through a broker, pay a commission, etc. Technically, though, ADRs are tradable receipts for actual shares on deposit at a bank. Foreign companies use ADRs in order to make it easier for Americans to buy their shares.
 
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