peonage

pe·on·age  (p-nj)

n.

1. The condition of being a peon.

2. A system by which debtors are bound in servitude to their creditors until their debts are paid.

Thesaurus

Noun	1.	peonage - the condition of a peon subjection, subjugation - forced submission to control by others
	2.	peonage - the practice of making a debtor work for his creditor until the debt is discharged practice, pattern - a customary way of operation or behavior; "it is their practice to give annual raises"; "they changed their dietary pattern"