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Student Loan Glossary Definition (English)

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Uniform Transfer To Minors Act - Utma Defined

The following is in context to Student Loan, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.

"This law offers you the same advantages as the Uniform Gifts to Minors Act, but allows the adult to control the custodial account for a longer period of time. The monies in a UTMA account can be invested into mutual funds, bank accounts, or stocks and extends the definition of gifts to include real estate, paintings, royalties, and patents."


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