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.
THE first savings fund that many parents and grandparents set up for young children is a custodial account at a bank, mutual fund company or brokerage house.This simple, low-cost route designates an adult to oversee money for a minor.ome states allow the custodian to transfer assets to one of these trusts before the child reaches legal age and terminate the account (setup cost: about $3,000 to $5,000). Elsewhere, you must wait and get the childâs permission.