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.
In a UTMA account, the minor is not merely the designated beneficiary; he or she is the owner. The donor or custodian cannot change the owner. Revocation. The owner of a 529 account can take the money back and use it for his or her own purposes (but must pay tax and penalty on the earnings). A transfer to a UTMA account is irrevocable: the donor cannot take the money back. Control.