AMERICAN DEPOSITARY SHARE - ADS
US-dollar denominated equity share of a foreign-based firm available for purchase on a US stock exchange. Depository banks issue these shares under agreement with the issuing foreign nation. The whole insurance is called the American Depositary Receipt (ADR) while the individual shares are referred to as ADSs.
Depending on the extent of compliance with US securities regulations the foreign firm desires to abide, it may either list its stocks over-the-counter with minimal reporting requirements or on a key exchange such as the Nasdaq and NYSE. Listings on major exchanges usually require the similar level of reporting as domestic corporations, and also mandate adherence to GAAP accounting rules.
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Robert C. Merton
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Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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