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Depositary Receipt
Depositary receipt is a certificate which may be registered in the holders name but is more usually in the form of a bearer security giving the holder ownership of a specified number of shares in a company which have been deposited with a financial institution usually one of the major banks. This is usually the way non-U.S. shares are traded in New York where they are known as American Depositary Receipts ADRs since it allows a company to have access to U.S. investors without the expense of actually listing its shares on one of the U.S. exchanges. See Also Online share dealing service Stockmarket Centre ©Moneyextra.com 2009-02-17 00:00:00 © Moneyextra.com
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