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A Global Depository Receipt is a security which represents ownership in shares of a foreign corporation.
Investment banks in the United States and elsewhere purchase shares in foreign corporations and sell the equity in the form of a Global Depository Receipt, also called an International Depository Receipt, and formerly known as an American Depository Receipt.
They allow foreign companies to find investors in other countries, and vice versa, and the Americans and other foreigners can pay for the GDRs in American currency. They are typically sold in lots such that 1 GDR equals 10 shares of the underlying foreign company, but other ratios can be used.
Overbought is a term used when analysis doesn't seem to justify the buying behavior of investors past a certain threshold
Markets have been around for much longer than most people think. The Tulip bubble happened in the 1500's!
There are many target date mutual funds that have appeared in the past 5-10 years, which are supposed to simplify...
Periodic distribution is a planned intermittent payment of cash from a 401(k)
Hyperinflation is when a rate of inflation grows exponentially, and a currency is rapidly devalued
The FCPA is a law designed to prevent US-based companies from engaging in corrupt practices abroad
An investment center is an almost autonomous division of a company whose purpose is to generate returns on invested money
Mortgage brokers act as agents for consumers looking for the best deal possible on a home mortgage loan
Publication 463 discusses common business-related deductions such as travel, entertainment, gift, and vehicle expenses
The Arms Index is also called the Trin (short for “Trading Index”) because it seeks to indicate overbought or oversold conditions by serving as an index of trading activity