Definitions for debt bondage
debt bondage

WiktionaryRate this definition:1.0 / 1 vote

1. debt bondagenoun

   A condition similar to slavery where human beings are unable to control their lives or their work due to unpaid debts.

WikipediaRate this definition:0.0 / 0 votes

1. Debt bondage

   Debt bondage, also known as debt slavery, bonded labour, or peonage, is the pledge of a person's services as security for the repayment for a debt or other obligation. Where the terms of the repayment are not clearly or reasonably stated, the person who holds the debt has thus some control over the laborer, whose freedom depends on the undefined debt repayment. The services required to repay the debt may be undefined, and the services' duration may be undefined, thus allowing the person supposedly owed the debt to demand services indefinitely. Debt bondage can be passed on from generation to generation.Currently, debt bondage is the most common method of enslavement with an estimated 8.1 million people bonded to labour illegally as cited by the International Labour Organization in 2005. Debt bondage has been described by the United Nations as a form of "modern day slavery" and the Supplementary Convention on the Abolition of Slavery seeks to abolish the practice.The practice is still prevalent primarily in South Asia and Sub-Saharan Africa, although most countries in these regions are parties to the Supplementary Convention on the Abolition of Slavery. It is estimated that 84 to 88% of the bonded labourers in the world are in South Asia. Lack of prosecution or insufficient punishment of this crime are the leading causes of the practice as it exists at this scale today.

WikidataRate this definition:0.0 / 0 votes

1. Debt bondage

   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.

How to pronounce debt bondage?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say debt bondage in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of debt bondage in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of debt bondage in Pythagorean Numerology is: 7

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Debt_Bondage
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Debt_Bondage
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=debt bondage