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.
UGMA/UTMA Accounts and 529 Plans. It is possible to transfer an UGMA / UTMA account into a 529 college savings plan. Such accounts, also know as Custodial 529 plans, allow you to take advantage of the tax benefits offered by 529 plans. However, there are certain conditions: 1  The beneficiary must remain the same.