holding company depository receipt (HOLDR)

Definition

A type of stock offering created by financial management and services firm, Merrill Lynch. A holding company depository receipt represents shares from various companies within a particular industry or financial sector bundled as a single stock for trading purposes. This approach is designed to provide investors with greater portfolio diversity without requiring them to purchase and trade individual stocks from each underlying company.
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holding company depositary receipts (HOLDRs) holding escrow