price of redemption

See: ransom
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Based on true events, the film is a powerful drama about disaffected young people and the steep price of redemption.
Based on true events, the film is an extremely powerful drama about disaffected young people and the steep price of redemption.
The Price of Redemption: The Spiritual Economy of Puritan New England, by Mark A.
This extraordinary success provides Mark Peterson with his departure point in The Price of Redemption: The Spiritual Economy of Puritan New England.
Many scholars share Peterson's belief that declension is not the best way to organize our interpretation of Puritanism in colonial New England and they will welcome the support The Price of Redemption provides for their views.
Formally, this obliges the bank to observe the market price of redemption medium measured relative to gold, |P.sub.rg~, and to calculate its conversion rate of dollars to redemption medium |R.sub.r$~ as
The bank's dollar price of redemption medium, |R.sub.r$~, is thus its instrument which it adjusts continuously in order to compensate for observed changes in |P.sub.rg~.
Equation (3) shows that whenever the market dollar gold price |P.sub.g$~ deviates from the set parity |P*.sub.g$~, the dollar issuing bank sets its conversion price of redemption medium |R.sub.r$~ different from the market price of redemption medium |P.sub.r$~.
There is thus no scope for some dollar price of redemption medium to prevail which differs from |R.sub.r$~: the market "price takes" the bank's price.
In the absence of such a mechanism, if the bank insisted on trying to maintain indirect convertibility continuously, the above arguments imply that there would be unlimited changes in the price of redemption medium (both |R.sub.r$~ and |P.sub.r$~) when |P.sub.g$~ |is not equal to~ |P*.sub.g$~.