Meaning UNIFORM GIFTS TO MINORS ACT (UGMA): Legislation that provides a tax-effective manner of transferring property to minors without the complications of trusts or guardianship restrictions
More terms such as Uniform Gifts to Minors Act (UGMA) in Dictionary U.
- Definition Underwriting Fee:
- Examples The portion of the gross underwriting spread that compensates the securities firms that underwrite a public offering for their services uniform gifts to minors act (ugma) definition.
- Definition Underwriting Spread:
- Examples generated by the underwriting syndicate and the selling group, which is essentially the difference between the amount paid to the issuer of securities in a primary distribution and the public uniform gifts to minors act (ugma) explain.
- Definition Unleveraged Program:
- Examples The use of borrowed funds to finance less than 50% of a purchase of assets. In a leveraged program borrowed funds are used to finance more than 50 uniform gifts to minors act (ugma) what is.
- Definition Uncovered Put:
- Examples position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put. The writer uniform gifts to minors act (ugma) meaning.
- Definition Uncollected Funds:
- Examples The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn uniform gifts to minors act (ugma) abbreviation.
