Uniform Gifts to Minors Act

Uniform Gifts to Minors Act (UGMA)
The Uniform Gifts to Minors Act (UGMA) allows minors to receive gifts, such as money or securities, in a simple, irrevocable manner without the need for a guardian or trustee.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.