Debt bondage (or bonded labour) is when a person pledges him or herself against a loan. In debt bondage, the services required to repay the debt may be undefined, and the services' duration may be undefined. Debt bondage can be passed on from generation to generation.
In modern times, debt bondage is most prevalent in South Asia.
Read more about Debt Bondage: Legal Definition, Modern Views
Famous quotes containing the words debt and/or bondage:
“This is the debt I pay
Just for one riotous day,”
—Paul Laurence Dunbar (1872–1906)
“There is a totalitarian regime inside every one of us. We are ruled by a ruthless politburo which sets ours norms and drives us from one five-year plan to another. The autonomous individual who has to justify his existence by his own efforts is in eternal bondage to himself.”
—Eric Hoffer (1902–1983)