Unsponsored American Depository Receipt (ADR)
An ADR that is issued without the involvement of the foreign company whose stock underlies the ADR. Shareholder benefits, voting rights, and other attached rights may not be extended to the holders of these particular securities.
Investopedia Commentary
These securities generally trade over-the-counter rather than on the Nasdaq or NYSE.
Related Links
ADR Basics Tutorial
What Are Depository Receipts?
See also: American Depository Receipt (ADR), Foreign Currency Effects, Global Depository Receipt (GDR), International Depository Receipt (IDR), Nasdaq, NYSE, Shareholder, Voting Right
Also spelled: unsponsored ADR