Meaning of American depository receipt

Amer'ican depos'itory receipt"

Pronunciation: [key]
— Stock Exchange. Stock Exchange.
  1. a negotiable receipt similar to a stock certificate, registered in the owner's name and showing ownership of shares in a foreign company, held by a foreign branch of a U.S. bank or its overseas correspondent bank.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.