# American Depositary Receipts, ADRs

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- Post ID: 589212
- Modified: 2023-07-25T20:47:55+00:00
- Language: en

## Definition

Share certificates issued by U.S. banks and representing shares in foreign companies (negotiable instruments issued by a U.S. bank and representing the shares that it has acquired in a foreign company listed on a non-US market). In this way, foreign shares can be traded via ADRs - on U.S. stock exchanges and (which is important for many investors for reasons of hedging costs) - in USD. - An ADR can relate to one share, to several shares, but also only to a fraction of a share. - See share certificate, securitization, certificate. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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