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.
Contributions are not tax deductible and qualified distributions are tax free. Here are some of the things you must consider when setting up a Roth IRA account: 1  The account must be designated as a Roth IRA when it's opened. 2  The account can be opened at any time. 3  Contributions can be made at any age.