European Depositary Receipt Definition

European Depositary Receipt

Definition

EDR. 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. also called Global Depositary Receipt (GDR).

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