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 ?
RAC fuel spokesman fuel spokesman R Simon Williams said: "It's no wonder that motorists feel held to ransom with prices on the motorways inflated to such an extent.
We're speaking to lots of agents but we won't be held to ransom.
But the board will not be held to ransom or let the club go bust.
CARDIFF City striker Steve Thompson has been "kidnapped" and held to ransom for charity.
QPR have announced a pounds 20m deal with manufacturers Lotto to add to their new wealth - but Flavio Briatore insists the club will not be held to ransom despite their transfer kitty.
It was held to ransom by a splinter group of the recently-formed Sons of Shankly (SOS) fans' group.
They both want the best for Villa but understandably will not be held to ransom by clubs obsessed with greed.
After declaring an interest in Dani Alves but not agreeing a fee with Sevilla, Chelsea closed in on Belletti - underlining chairman Bruce Buck's insistence that they would not be held to ransom in any transfer deal.
Bruce had to be talked out of walking at one point as the club made it clear they would not be held to ransom and wanted to renegotiate his contract in light of relegation.
But Manchester United chief executive David Gill insisted: "We will NOT be held to ransom.
Boxing: Promoter Frank Warren insists he will not be held to ransom by fans hoping to fast-track Ricky Hatton's bid for world light-welterweight domination.
Gold vowed not to let the Blues be held to ransom for the Blackburn midfielder and after Rovers knocked back city's initial bid the Brummie chairman insisted there would be no increased offer for the midfielder.