FiMa

Finance in layman's terms:
#1- American Depositary Receipt (ADR)

A negotiable certificate issued by a U.S. bank, representing a specific number of
foreign shares. The foreign shares are usually held by the bank’s branch or its
correspondent in the foreign country. ADR’s are traded on a U.S. stock exchange
(e.g., the NYSE) in U.S. dollars and can be bought or sold just like domestic shares.
Therefore, ADR’s are a convenient way for U.S. investors to invest in foreign shares.