Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• UGMA
  
  Is the Uniform Gift to Minors Act. Each state has its own requirements but many conform. A gift of securities to a minor is an irrevocable act. The securities are registered in the name of one adult who is the custodian for the child.
  
  Back