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Trust receipt |
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Trust receiptReceipt for goods that are to be held in trust for the lender.Trust receipt Similar MatchesWarehouse receiptWarehouse receiptEvidence that a firm owns goods stored in a warehouse. Depository receiptDepository receiptSee: ADR American Depository Receipt 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. ReceiptsReceiptsFunds collected from selling land, capital, or services, as well as collections from the public (budget receipts), such as taxes, fines, duties, and fees. Constructive receiptConstructive receiptThe date a taxpayer receives dividends or other income, for use in the determination of taxes. Further SuggestionsEscrow receiptAmerican Depository Receipt Fees International Depository Receipt (IDR) Global Depository Receipt American Depository Receipt Ratio Global Depositary Receipt Euro Depositary Receipt |
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