Definitions for debt bondage
This page provides all possible meanings and translations of the word debt bondage
A condition similar to slavery where human beings are unable to control their lives or their work due to unpaid debts.
Debt bondage is a person's pledge of their labor or services as repayment for a loan or other debt. 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. Debt bondage was very common in Ancient Greece. In ancient Athens, Solon forbade taking out loans using oneself as a security and ended any current such debts. In modern times, debt bondage is most prevalent in South Asia; see Debt bondage in India.
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"debt bondage." Definitions.net. STANDS4 LLC, 2014. Web. 30 Jul 2014. <http://www.definitions.net/definition/debt bondage>.