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.
Custodial Account. Most banks won't set up accounts solely for minors. Instead, they create a custodial account that names one adult, usually a parent, as the custodian. This person has full access to the account, even though the account is in the child's name.This includes online access and the ability to write checks or withdraw funds for any reason. If you're the custodian of your child's account, you can use the money saved there.his person has full access to the account, even though the account is in the child's name. This includes online access and the ability to write checks or withdraw funds for any reason. If you're the custodian of your child's account, you can use the money saved there.