iPad Tips and Tricks : Password protection

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You can password-protect apps like iTunes so that a family member can't buy every U2 record with  your  credit  card.  Go  to Settings,  then  General,  then  Restrictions.

  Press  Enable Restrictions and type a password, then turn on the restrictions you want for the apps available. 

Note that this password is different from your iTunes password - you'll need to tap in both. 

"iPad Tips and Tricks : Password protection "

Reference : top-ipad-video-converter.com