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Global Depositary Receipt (GDR)
A
negotiable
certificate
held in the bank of one country representing a specific number of
shares
of a
stock
traded
on an
exchange
of another country.
American Depositary Receipts
make it easier for individuals to invest in foreign companies, due to the widespread availability of price information, lower
transaction
costs, and timely
dividend
distributions
.
also called
European Depositary Receipt.
This Glossary is provided by
www.InvestorWords.com
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