Business and Personal Finance Dictionary

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• GDR OR GDS (GLOBAL DEPOSITARY RECEIPTS OR GLOBAL DEPOSITARY SHARES)
  
  A GDR is a negotiable certificate that represents an ownership interest in a specified number of securities that have been deposited with a depositary by the holder of such securities. A GDR is the physical certificate that evidences GDSs (in much the same way that a stock certificate evidences shares of stock), and a GDS is the security that represents an ownership interest in the underlying securities of a corporation that have been deposited with the depositary. GDRs are generally used to facilitate the trading of a particular security in more than one international market.
  
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