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Community: Investing Wiki

Term Of The Hour

minor buy CD: Original post by Christa Titus of Demand Media A minor cannot buy a certificate of deposit (CD) unless a custodian of legal age is involved in setting up the account. CDs for minors are governed by the Uniform Transfers to Minors Act; one reason this act was made into law was so children could own securities. Under this law, an adult can open the CD in the child's name and handle any transactions…

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