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. Currently, debt bondage is the most common method of enslavement with an estimated 8. 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. Though the Forced Labour Convention of by the International Labour Organization , which included parties, sought to bring organised attention to eradicating slavery through forms of forced labor, formal opposition to debt bondage in particular came at the Supplementary Convention on the Abolition of Slavery in When a pledge to provide services to pay off debt is made by an individual, the employer often illegally inflates interest rates at an unreasonable amount, making it impossible for the individual to leave bonded labour.


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