Important Financial Investment Terms
Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
There is an alternative. We have defined more than 1,500 commonly used financial terms. Look-up a definition by entering the term in the search engine or using the alphabetical search service.
Definition of 'Uniform Gifts (Transfers) to Minors Act (UGMA or UTMA)'
A method to hold bank deposits, securities and property for the benefit of a minor, which is similar to a trust but the rules are governed by state law.