American depository receipt

noun

, Stock Exchange.

1. a negotiable receipt similar to a stock certificate, registered in the owner's name and showing ownership of shares in a foreign company, held by a foreign branch of a U.S. bank or its overseas correspondent bank.

Example Sentences

Under Takeda’s proposal Friday, the company would maintain its headquarters in Japan and its primary listing on the Tokyo Stock Exchange, but it would put in place a New York-listed American depository receipt program to allow current Shire shareholders to continue to hold shares in the combined company.

From Wall Street Journal

Given the strong reception to the roadshow, Alibaba managemenet and its bankers have increased and narrowed the planned range of the offering from $60-$66 range to $66-$68 per American Depository Receipt.

From Forbes