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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

UTMA

Definition:

The UTMA (Uniform Trust to Minors Act) lets parents set up trusts and entities to keep money and assets on ice for their kids. When Junior was 21 and could make his own bad decisions, UTMA made it easy for the assets and cash to pass over to him.