Uniform Gifts to Minors Act (UGMA)

Definition:

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

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Proxy Fight

Competition of outside group with management for stockholders' proxies in order to accumulate votes to elect a new board of directors.

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