Debt bondage

Definition

Debt bondage is a form of modern slavery where an individual is forced to work to repay a debt, but the terms are such that repayment of the loan is impossible or never-ending. It is prevalent in various forms around the world, contributing significantly to global inequality.

Related terms

Human Trafficking: The illegal act of recruiting, transporting, transferring, harboring, or receiving persons through coercion, abduction, fraud, or force for the purpose of exploitation.

Modern Slavery: An umbrella term that encompasses various forms of coerced labor where individuals are controlled by an employer and denied freedom.

Global Inequality:

The unequal distribution of resources and opportunities among people across different parts of the world, often leading to poverty and lack of basic human rights for many