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.
Treatment of Unused Funds. Any unused money must be distributed to the child by the time they reach the age of majority or the maximum age allowed for custodial accounts in their state. For classic UGMA accounts, this is generally age 18. For the newer UTMA accounts, this is usually age 21, but may be as late as age 25.