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global shares

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Financial Dictionary

global shares

Stock that trades in multiple currencies. For example, shares of DaimlerChrysler trade in dollars in the United States, euros in Germany, yen in Japan, and in the home currencies of several other countries. Global shares are uncommon and are different from American Depositary Shares that are claims on a firm's ordinary shares.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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