St. Lawrence Seaway definition, a series of channels, locks, and canals between Montreal and the mouth of Lake Ontario, a distance of 182 miles (293 km), enabling most deep-draft vessels to travel from the Atlantic Ocean, up the St. Lawrence River, to all the Great Lakes ports: developed jointly by the U.S. and Canada. See more.
A uniform transfer to minors account, or UTMA, is a way that grandparents can put money away for their grandchildren. Sometimes called custodial accounts, UTMA accounts generally stay under the control of an adult custodian until the child reaches the age of majority.
Custodians should discuss any potential tax consequences of liquidating a UGMA/. UTMA account with their tax advisors before liquidating and transferring this money to UESP. â¢ A UGMA/UTMA custodial account must be established separately from any other accounts that the UGMA/UTMA custodial account agent.