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Buy American Act |
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Buy American ActU.S. legislation requiring that government purchases give preference to domestic producers unless imports are at least a specified percentage cheaper. This is an example of a government procurement NTB that was partially given up under the Tokyo Round.Similar MatchesAmerican Depository Receipt RatioAmerican Depository Receipt RatioThe number of ordinary shares into which an ADR can be converted. American depositary receiptAmerican depositary receiptAmerican depositary receipts are a convenient way for Americans to own shares in foreign companies. Rather than buying European or Asian shares direct, they buy ADRs.ADRs are receipts for the shares of a foreign company. The share certificates themselves are held by an American bank which issues the ADRs, then collects dividends and distributes them to ADR-holders after converting them into dollars. The holders of ADRs normally have all the rights of normal shareholders, including voting rights. The ADRs are tradable instruments in their own right.One of the ironies of ADRs is that, though intended for American investors, they can also be bought by non-Americans. In some cases it can be cheaper (in terms of costs) for someone in London to buy ADRs in a UK company than to buy the shares on the London markets.Most foreign companies that want to list in the US use ADRs. American Stock Exchange (AMEX)American Stock Exchange (AMEX)Stock exchange with the third highest volume of trading in the US Located at 86 Trinity Place in downtown Manhattan. The bulk of trading on AMEX consists of index options (computer technology index, institutional index, major market index) and shares of small to medium-sized companies are predominant. Recently merged with Nasdaq See: Curb. American style optionAmerican style optionAn option which can be exercised at any time until expiry (unlike European style options which can only be exercised at expiry). American Depository Receipt FeesAmerican Depository Receipt FeesFees associated with the creating or releasing of ADRs from ordinary shares, charged by the commercial banks with correspondent banks in the international sites. Further SuggestionsLatin American Free Trade AssociationAmerican Depository Share (ADS) American Association of Individual Investors American Land Title Association (ALTA) North American Free Trade Agreement (NAFTA) American Express Central American Common Market American shares American Stock Exchange American Association of Individual Investors (AAII) |
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