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The jagged, toothed edge is called an "indenture", which is also where the term "indentured servant" comes from.

https://en.wikipedia.org/wiki/Indenture




Reminds me of a book I read a while ago: 'Debt: the first 5000 years' [0]

[0]: http://dbpedia.org/page/Debt:_The_First_5000_Years




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