Ransom Theory is a perspective on atonement that posits Christ's death as a ransom paid to free humanity from the bondage of sin and death. This theory suggests that the death of Jesus was a payment to Satan or to God for humanity's redemption, highlighting the idea that human sin creates a debt that needs to be resolved. The concept connects deeply with themes of salvation and grace, emphasizing how the sacrifice of Christ fulfills the requirement for redemption and restores the relationship between humanity and God.