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What does ransom mean?

Looking for the meaning or definition of the word ransom? Here's what it means.

Noun
  1. Money paid for the freeing of a hostage.
  2. The release of a captive, or of captured property, by payment of a consideration.
  3. (historical, law, Britain) A sum paid for the pardon of some great offence and the discharge of the offender; also, a fine paid in lieu of corporal punishment.
Verb
  1. (14th century) To deliver, especially in context of sin or relevant penalties.
  2. To pay a price to set someone free from captivity or punishment.
  3. To exact a ransom for, or a payment on.
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