Debt bondage definition

Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied
Debt bondage means inducing an individual to provide:
Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a per- son under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied toward the liquidation of the debt or the length and nature of those services are not respectively limited and defined.

Examples of Debt bondage in a sentence

  • We will provide periodic account statements and other information pertaining to activity in your account.

  • Debt bondage labourers operate under a very peculiar employer-employee relationship devoid of freedom.


More Definitions of Debt bondage

Debt bondage means the status or condition of a debtor arising from a pledge of the debtor’s personal services or a person under the control of a debtor’s personal services as a security for debt if the reasonable value of such services is not applied toward the liquidation of the debt or the length and nature of those services are not respectively limited and defined.
Debt bondage means the involuntary status or condition that arises from a pledge by a person of -
Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his personal services or those of a person under his control as a security for debt, if the value of those services as reasonably assessed is not applied toward the liquidation of the debt or the length and nature of those services are not respectively limited and defined or if the principal amount of the debt does not reasonably reflect the value of the items or services for which the debt was incurred.
Debt bondage means the status or condition of a debtor arising from a pledge by the debtor
Debt bondage means inducing a person to provide:
Debt bondage means the status or condition of a debtor
Debt bondage means inducing an individual to provide commercial sexual activity in payment toward or satisfaction of a real or purported debt or inducing an individual to provide labor or services in payment toward or satisfaction of a real or purported debt if the reasonable value of the labor or services is not applied toward the liquidation of the debt or if the length of the labor or services is not limited and the nature of the labor or services is not defined. The term does not include an effort by a creditor to collect an enforceable obligation by means that are permitted under state or federal laws.