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.
Exclusions - Individual Retirement Accounts cannot be opened as UTMA accounts. All funds withdrawn from the account must be used for the benefit of the minor. â¢ The custodian, NOT the Bank, is responsible for monitoring the use of the funds in the account. The social security number of the minor must be used for interest reporting purposes. â¢ Only the parent or legal guardian can certify the minor's SSN. â¢ Unless the custodian is the parent or legal guardian, the custodian may not certify the minor's SSN.