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.
Once you open a UTMA account, you fund it like you would any other investment account. The money you put into the account is on an after-tax basis, so you have already paid taxes on it. While the minor can't directly access the account, once the funds go into the account for the minor's benefit, the gift of funds shouldn't be revoked.