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What is a debt bondage?

What is a debt bondage? Here are some definitions.

Noun
  1. A condition similar to slavery where human beings are unable to control their lives or their work due to unpaid debts.
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This includes practices such as debt bondage in which a person has no choice but to submit to the pressure.
In the US, slavery was replaced by peonage and debt bondage.
According to interviewees, trafficking victims are often involved in a debt bondage relationship.
Bonded labour or debt bondage is probably the least known form of slavery today.
In India and other parts of Asia, some people are outright slaves, others in debt bondage that ties them to a particular landlord.
This Convention prohibits exposure of children to situations which are dangerous to their health, morals and well-being and to conditions of slavery, debt bondage and serfdom.

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