Topical Terminology > Uniform Gift To Minors Act
1 Definition
Uniform Gift To Minors Act
For Uniform Gift To Minors Act we have a term and definition in Securities.
Uniform Gift To Minors Act (Securities) 
The law governing gifts of money or securities to a minor, commonly referred to as UGMA. The donor must appoint a custodian (frequently the donor) to manage the account.
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