Source : Webster's Revised Unabridged Dictionary (1913)

Emancipation \E*man`ci*pa"tion\, n. [L. emancipatio: cf. F.
   ['e]mancipation.]
   The act of setting free from the power of another, from
   slavery, subjection, dependence, or controlling influence;
   also, the state of being thus set free; liberation; as, the
   emancipation of slaves; the emancipation of minors; the
   emancipation of a person from prejudices; the emancipation of
   the mind from superstition; the emancipation of a nation from
   tyranny or subjection.

   Syn: Deliverance; liberation; release; freedom; manumission;
        enfranchisement.

Source : WordNet®

emancipation
     n : freeing someone from the control of another; especially a
         parent's relinquishing authority and control over a minor
         child