In what way was the life of an indentured servant different from that of a slave?

Indentured servants were contracted to work for a specific period of time in exchange for passage to a new country or other benefits, while slaves were considered property for life. Indentured servants could eventually gain their freedom and sometimes even acquire land or other opportunities, whereas slaves had no such prospects for independence. Additionally, indentured servants typically had legal rights and protections that slaves did not.