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Uniform Transfers to Minors Act (UTMA)
The financial definition for Uniform Transfers to Minors Act (UTMA):
A law similar to the Uniform Gifts to Minors Act that extends the definition of gifts to include real estate, paintings, royalties, and patents.
Similar MatchesElectronic depository transfersElectronic depository transfers The transfer of funds between bank accounts through the Automated Clearing House (ACH) system.
Official unrequited transfersOfficial unrequited transfers Include a variety of subsidies, military aid, voluntary cancellation of
debt, contributions to international organizations, indemnities imposed under peace treaties, technical assistance, taxes, or fines.
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