Debt Bondage
Subject: Finance | Topics:

Debt bondage was familiar in Ancient Greece. In earliest Athens, Solon forbade taking out loans using oneself as a safety and ruined such debts. Debt bondage also recognized as debt slavery or bonded labor is a person’s assurance of their labor or services as sanctuary for the settlement for a debt or additional requirement. The services necessary to repay the debt may be indeterminate, and the services’ period may be undefined. Debt bondage can be conceded on from generation to generation.

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