1) the price for redeeming, ransom
1a) paid for slaves, captives
1b) for the ransom of life
2) to liberate many from misery and the penalty of their sins
Part of Speech: noun neuter
Citing in TDNT: 4:328 & 4:340, 543
From G3089; something to loosen with, that is, a redemption price (figuratively atonement): - ransom.