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Finance Guide

Library Resources on Finance

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Aaron Dobbs
Lehman Library 107
Shippensburg University

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American Depository Receipt (ADR)

ADR : negotiable certificate issued by a U.S. bank for shares of stock issued by a foreign corporation. The securities are held in a custodial account, either at the issuing bank or an agent. ADRs are registered with the Securities and Exchange Commission, and give the holder the same benefits of ownership as shareholders. ADRs are priced in dollars, and traded on stock exchanges and over-the-counter in the same fashion as U.S. issued securities.