An American depositary receipt (ADR) that is issued without the involvement of the foreign company whose stock underlies the ADR. Shareholder benefits, voting rights and other attached rights may not be extended to the holders of these particular securities.
Investopedia Says:
These securities generally trade over-the-counter rather than on the Nasdaq or NYSE.
Related Links:
Thanks to American depositary receipts, investors now have a world of investing opportunities to choose from. American Depositary Receipt Basics
Learn about a security that allows you to invest in a foreign company through your local exchange. What Are Depositary Receipts?
