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Uniform Gifts to Minors Act (UGMA)

The financial definition for Uniform Gifts to Minors Act (UGMA):

Legislation that provides a tax-effective manner of transferring property to minors without the complications of trusts or guardianship restrictions.




Similar Matches

Committee on Uniform Securities Identification Procedures (CUSIP)

Committee on Uniform Securities Identification Procedures (CUSIP)
Committee that assigns identifying numbers and codes for all securities. These "CUSIP" numbers and symbols are used when recording all buy or sell orders.


Uniform Commercial Code (UCC)

Uniform Commercial Code (UCC)
Collection of laws dealing with commercial business.


Uniform Customs and Practices (Brochure 500)

Uniform Customs and Practices (Brochure 500)
International Chamber of Commerce rules (commonly referred to as UCP 500 or ICC 500), that are used for Letters of credit. These letters then become legally binding when written into the text of the letter.


Further Suggestions

Uniform practice code
Uniform Rules for Collections
Uniform securities agent state law examination
Uniform Transfers to Minors Act (UTMA)


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