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:
“It is a well-settled principle of the international code that where one nation owes another a liquidated debt which it refuses or neglects to pay the aggrieved party may seize on the property belonging to the other, its citizens or subjects, sufficient to pay the debt without giving just cause of war.”
—Andrew Jackson (1767–1845)
“Marriage is the only actual bondage known to our law. There remain no legal slaves, except the mistress of every house.”
—John Stuart Mill (1806–1873)