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Glossary and terms about credit cardsHome » Credit Card Glossary
Emancipated Minor
An emancipated minor is someone who has not yet reached the age of majority -- usually 18 -- but has by court order or actions become independent of his parents or other adult supervisors. An ordinary minor may not enter into binding financial contracts, such as credit card agreements. An emancipated minor can.
Related Terms:
Electronic Funds Transfer (EFT) ACT





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