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

Funding

Used to describe the refinancing of a debt prior to its maturity (the same as refunding). In corporate finance refers to the floating of bonds to raise finance and levels of capital. See also:... Read More

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