Legal Dictionary of Pakistan

american depository receipt.

a receipt issued by an american bank as a substitute for stock shares in a foreign-based corporation. ( adrs are the most common method by which foreign companies secure american shareholders. companies that offer adrs maintain a stock listing in their domestic market in their domestic currency, while the adrs are held in u.s. dollars and listed on a u.s. stock exchange, usu. the new york stock exchange. - abbr. adr. -also termed american depositary receipt.