| Depository Receipt | |
 A negotiable financial instrument issued by a bank to represents a foreign company's publicly traded securities. The depository receipt trades on a local stock exchange. |
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 Depository receipts make it easier to buy shares in foreign companies because the shares of the company don't have to leave the home state. When the depository bank is in the USA, the instruments are known as American Depository Receipts (ADR). European banks issue European depository receipts, and other banks issue global depository receipts (GDR). |
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 What Are Depository Receipts? - Learn about a security that allows you to invest in a foreign company through your local exchange. ADR Basics Tutorial - Thanks to American depository receipts, investors now have a world of investing opportunities to choose from. |
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