A serf was a peasant, but not all peasants were serfs.
A peasant is usually a farmer. A peasant could be free or not, and though most were doubtless poor, we find references to well-to-do or prosperous peasants.
Serfs are peasants legally bound to a lord's land, and were not allowed to move away. Serfs usually had to provide labor in exchange for a place to live and work.
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