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American depository receipt

American  

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.

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Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.