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 are generally set up at a bank or brokerage firm. The custodian of an UGMA / UTMA account controls and manages the assets for a minor (the beneficiary of the account). A parent does not have to be the custodian of the account, and you can choose someone else to manage an UGMA / UTMA on your childâs behalf.