What is the meaning of Ransom?

Money paid for the freeing of a hostage.

The release of a captive, or of captured property, by payment of a consideration.

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.

To deliver, especially in context of sin or relevant penalties.

To pay a price to set someone free from captivity or punishment.

To exact a ransom (payment) in exchange for the freedom of.

Source: wiktionary.org