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Webster 1913 Edition

Noun.

The condition of a peon.

peonage ‎(plural peonages)

The state of being a peon; the system of paying back debt through servitude and labour; loosely, any system of involuntary servitude.
- 2010, Christopher Hitchens, Hitch-22, Atlantic 2011, p. 217:
  But there was work to be done down in the Salinas Valley where César Chávez was organizing the grape pickers and lettuce workers out of their state of un-unionized peonage.

the state of being a peon