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Debt bondage is an involuntary arrangement whereby a person is forced to pay off a loan with direct labor in place of currency, over an agreed or obscure period of time. When the debtor is then tricked or trapped into working for very little or no pay, or when the value of their work is significantly greater than the original sum of money borrowed, some consider the arrangement to be a form of illegal labor. In early America, some settlers used indentured service to obtain passage or an initial settlement, and then continued working independently after completing their bonded labor. In modern America it can exist if all an individual's income goes towards debt.

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Q: What is a debt bondage?
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Related questions

How can one get out of debt bondage?

To get out of debt bondage, one can seek assistance from organizations specializing in anti-trafficking and debt relief. Additionally, working with legal aid services or local authorities may help to secure freedom from debt bondage. It is crucial to understand one's rights and seek support to break free from exploitative situations.


What kind of slavery involved working off debt?

Debt bondage is a form of modern day slavery.


Is a status or condition where a persons debt is used against them to compel them into providing labor or commercial sex in which the term of their services is not defined nor assessed to their debt?

Debt bondage


Is a status or condition where a person's debt is used against them to compel them into providing labor or commercial sex in which the term of their services is not defined nor assessed to their debt?

Debt bondage


What was the name for a society where debtors were bound to their creditors in servitude?

That system was called debt bondage or debt servitude, where debtors were forced to work for their creditors until the debt was paid off.


What types of slavery are there?

Human trafficking forced labour debt bondage plantation slavery and many more


Which type of slavery consists of employers holding workers by paying them too little to cover their debts?

Debt Bondage


What are tech/startup solutions for debt bondage?

Debt bondage, also known as bonded labor, is a widespread form of modern slavery that affects millions of people worldwide. Several tech and startup solutions have emerged to address this issue, including: Digital identity verification systems that help prevent fraud and ensure fair and transparent lending practices. Microfinance platforms that provide affordable loans to people in debt bondage, allowing them to pay off their debts and gain financial independence. Mobile applications that provide information and support to workers in debt bondage, helping them to understand their rights and access legal assistance. Blockchain-based supply chain management solutions that enable companies to track their products and ensure that they are not produced using forced labor. Online marketplaces that provide fair and transparent pricing for goods and services, reducing the risk of debt bondage for workers. Jai Infoway


What term is used when a person is forced to pay off debts by becoming a modern day slave or prostitute?

debt bondage


What is the term used when a person is compelled to pay off their debts by becoming a modern day slave or prostitute?

debt bondage


What is the term used when a person is compelled forced to pay off their debts by becoming a modern day slave or prostitute?

debt bondage.


What is the term used when a person is compelled or forced to pay off their debts by becoming a modern day slave or pro?

Debt bondage