Wergeld

noun

1. In Anglo-Saxon and Germanic law, a price set upon a person's life on the basis of rank and paid as compensation by the family of a slayer to the kindred or lord of a slain person to free the culprit of further punishment or obligation and to prevent a blood feud.
2. blood money, the monetary value assigned to a person, set according to their rank, used to determine the compensation paid by the perpetrator of a crime to the victim in the case of injury or to the victim's kindred in the case of homicide.
3. Compensation thusly determined and paid; a reparative payment.