Yes. Literally. Indentured servitude is when someone voluntarily enters into a contractual agreement to serve for a certain number of years in return for a payment. What did you think it meant?
"Farmers, planters, merchants, and shopkeepers in the American colonies found it very difficult to hire free workers, primarily because it was so easy for potential workers to set up their own farms. Consequently, a common solution was to transport a young worker from Britain or a German state, who would work for several years to pay off the debt of their travel costs. During the indenture period the servants were not paid cash wages, but were provided with food, accommodation, clothing and training. The indenture document specified how many years the servant would be required to work, after which they would be free. Terms of indenture ranged from one to seven years with typical terms of four or five years"
