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Standard & Poor's Depositary Receipt (SPDR)

Standard & Poor's Depositary Receipt (SPDR) definition - business

Standard & Poor's Depositary Receipt (SPDR)

An interest in a trust that holds shares of all stock in the S&P 500. Ownership of an SPDR allows an investor to track the entire market through a single investment. These receipts trade on the American Stock Exchange at about one-tenth the value of the S&P 500. Also called spider.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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