American Depositary Receipt

noun

: a negotiable receipt that represents ownership of a foreign stock held in trust (as by the foreign branch of a U.S. bank) for an American citizen and that can be traded in dollars like shares of domestic companies

Word History

First Known Use

1927, in the meaning defined above

Time Traveler

The first known use of American Depositary Receipt was in 1927

See more words from the same year

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Style

“American Depositary Receipt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/American%20Depositary%20Receipt. Accessed 23 Nov. 2024.

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