PROPERTY

Uniform Gifts to Minors Act (UGMA)

A uniform law, adopted by many states, that allows an adult to give money or securities to a child but have the assets managed by someone of the donor's choosing, called a custodian. The gift is made during the donor's lifetime, not at death. The custodianship ends, and the property goes to the beneficiary outright, at an age set by state law, usually 18 or 21. Compare: Uniform Transfers to Minors Act

typosquatting

The process of acquiring misspellings of a domain name in the hopes of catching and exploiting traffic intended for another website. For example, a typosquatter might purchase domain names such as www.lnadsend.com and www.landswnd.com and then demand money for referring customers under the Land's End affiliate program. Typosquatting is a variation of cybersquatting, an illegal practice in which a domain name is acquired in bad faith.

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