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.
The Uniform Transfers to Minors Act (UTMA) is very generous when it comes to spending the money held in an UTMA account, which is basically an investment account set up in a child's name and managed by a custodian (usually the parent) until the child reaches the age of majority for the state (typically age 21).