Financial Management Question:
Explain MECHANISM OF ADR?
Answer:
An American depositary receipt (ADR) is a negotiable security that represents the underlying securities of a non-U.S. company that trades in the US financial markets. Individual shares of the securities of the foreign company represented by an ADR are called American depositary shares (ADSs).
| Previous Question | Next Question |
| What is equity? | What is alpha of stocks? |