american depositary receipt means: A certificate issued by an American depository bank that represents foreign shares The bank usually holds the money through a correspondent or branch in the country where it is issued. A single ADR can represent one, one or all of a foreign share. the shares of foreign corporations. If ADRs are “sponsored”, The corporation offers financial and other support to its customers Banks and other financial institutions may provide support for the administration of ADR. “Unsponsored” ADRs are not eligible for such assistance. ADRs can be subject to the same currency. Political, economic and other risks that could be posed by the underlying foreign share. Arbitrage maintains the price of ADRs as well as the underlying foreign shares. Adjusted for SDRordinary Ratio essentially equal. American A similar type of certification is depository shares ADS. (in Stock Market Dictionary)