TERM 1
ADR
DEFINITION 1
is a foreign stock that can be purchased in the U.S stock
market. It is held by the bank and the bank issues paper
against it
TERM 2
Sponsored ADR
DEFINITION 2
originated by the foreign company
TERM 3
Unsponsored ADR
DEFINITION 3
is one that a group or bank purchases and places in the bank
for sale
TERM 4
Advantages of ADR
DEFINITION 4
it can be purchased in U.S dollars and eliminates cross
border and cross currency hazards
TERM 5
1st Level of ADR
DEFINITION 5
most common level and is usually smaller companies
