Global Depositary Receipt
/ˈɡloʊbəl dɪˈpɒzɪtəri rɪˈsɪpt/
Definitions
- (n.) A negotiable financial instrument issued by a bank representing shares in a foreign company, allowing investors to trade equity in that company on local stock exchanges.
Investors used a global depositary receipt to buy shares in the international corporation without dealing with foreign exchange regulations.
Forms
- global depositary receipt
- global depositary receipts
Related terms
See also
Commentary
Global depositary receipts facilitate cross-border equity investment by simplifying the trading and regulatory process for foreign shares.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.