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peonage (n.)

the work or condition of a peon; a form of servitude formerly prevailing in Mexico," "1848, American English, from peon (q.v.) + -age.

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Definitions of peonage

peonage (n.)
the condition of a peon;
peonage (n.)
the practice of making a debtor work for his creditor until the debt is discharged;
From wordnet.princeton.edu