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term:
Peonage
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peonage n
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: labor in a condition of servitude to extinguish a debt [the holding of any person to service or labor under the system known as is abolished and forever prohibited "U.S. Code"]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.