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American Depository Receipt (ADR)
A stock representing a specified number of shares in a foreign corporation. ADR`s are bought and sold in the American markets just like regular stocks. An ADR is issued by a U.S. Bank, consisting of a bundle of shares of a foreign corporation that are being held in custody overseas. The foreign entity must provide financial information to the sponsor bank. ADR`s do not eliminate the currency and economic risks for the underlying shares in another country. ADR`s are listed on either the NYSE, AMEX, or NASDAQ.