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peonage

/ˈpiːənɪdʒ/
noun
1.
the state of being a peon
2.
a system in which a debtor must work for his creditor until the debt is paid off
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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