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American depository receipt

noun Stock Exchange.

a negotiable receipt similar to a stock certificate, registered in the owner's name and showing ownership of shares in a foreign company, held by a foreign branch of a U.S. bank or its overseas correspondent bank.

Global Stock Trading www.etrade.com/ 5 Countries & Local Currencies. Apply at E*TRADE Securities.

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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