A system of forced labor based on debts incurred by workers. Peonage developed particularly in plantation economies, where employers forced laborers to buy from employer-owned stores, pay inflated prices, and stay in debt.
Main Entry: pe·on·age Pronunciation: 'pE-&-nij Function: noun : labor in a condition of servitude to extinguish a debt peonage is abolished and forever prohibited —U.S. Code>