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Peonage, also known as debt slavery or bonded labour, is the pledge of a person's services as When a pledge to provide services to pay off debt is made by an individual, the employer often illegally inflates interest rates at an unreasonable.

Bonded labor, also known as debt bondage and peonage, happens when to help pay off their parents' debt or when parents or family members pass away.

Bonded labour is most widespread in South Asian countries such as India and Pakistan. Often entire families have to work to pay off the debt taken by one of its.

In the context of trafficking in women, debt bondage usually occurs when traffickers force women into prostitution to pay off “unlawful 'debt' purportedly incurred. Historians explain peonage, also called debt slavery or debt servitude, and how employers compelled workers to pay off a debt with work.