ransom

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ransom

1) n. money paid to a kidnapper in demand for the release of the person abducted. Ransom money can also be paid to return a valuable object such as a stolen painting. 2) v. to pay money to an abductor to return the person held captive. (See: kidnapping, abduction)

ransom

noun cost of reclamation, cost of recovery, deliverance, extrication, pretium, price of redemption, price of retaking, price of retrieval, redemption, rescue
See also: blackmail, extricate, free, pay, redeem, rescue

RANSOM, contracts, war. An agreement made between the commander of a capturing vessel with the commander of a vanquished vessel, at sea, by which the former permits the latter to depart with his vessel, and gives him a safe conduct, in consideration of a sum of money, which the commander of the vanquished vessel, in his own name, and in the name of the owners of his vessel and cargo, promises to pay at a future time named, to the other.
     2. This contract is usually made in writing in duplicate, one of which is kept by the vanquished vessel which is its safe conduct; and the other by the conquering vessel, which is properly called ransom bill.
     3. This contract, when made in good faith, and not locally prohibited, is valid, and may be enforced. Such contracts have never been prohibited in this country. 1 Kent, Com. 105. In England they are generally forbidden. Chit. Law of Nat. 90 91; Poth. Tr. du Dr. de Propr. n. 127. Vide 2 Bro. Civ. Law, 260; Wesk. 435; 7 Com. Dig. 201; Marsh. Ins. 431; 2 Dall. 15; 15 John. 6; 3 Burr. 1734. The money paid for the redemption of such property is also called the ransom.

References in periodicals archive ?
He said: "We will not be held to ransom and pay over the odds because that is the road to ruin.
We won't be held to ransom by anyone and now we've set-up a Europe-wide scouting network, we won't panic.
It was the rst time in 200 years that an American ship had been held to ransom.
ST JOHNSTONE boss Steve Lomas has warned he won't be held to ransom by agents.
I WAS not surprised to see the front page headline Held to ransom on A55 inThursday's Daily Post.
I WAS so annoyed to see the city held to ransom last Thursday afternoon, with all workers trying to get home.
RICKY SBRAGIA has warned Sunderland will neither be held to ransom by sellers nor treated as a charity by buyers during this month's transfer window.
SUNDERLAND have warned boss Roy Keane that they will not be held to ransom over his new contract, writes JAMES COURAGE.
They both want the best for Villa but understandably will not be held to ransom by clubs obsessed with greed.
THE British people are once again being held to ransom by European companies who, under Tony Blair and Gordon Brown's watch, have been allowed to swallow up British utilities companies.
Once again, the punter is unfairly being held to ransom, whilst the industry sorts itself out.
ARSENE WENGER is ready to take a huge gamble this summer by refusing to be held to ransom over Robin van Persie.