Meaning of Bonded Debt

Bonded Debt

Language - English

Tamil Word - கொத்தடிமைக் கடன்

A debt incurred by a person who is forced to work for a creditor until the debt is repaid. (e.g., Bonded labor is illegal in India, but it still persists in some areas.) Although bonded labor is prohibited in India, it's crucial to be aware of its historical context in Tamil Nadu. In the past, bonded debt might have been used to exploit laborers in agriculture or other sectors, potentially impacting land ownership and labor practices.