Final answer:
Wergild, also known as "man price," is the value placed on every being and piece of property in Germanic society. It functions as a form of compensation under Germanic law to limit cycles of violence. The amount of wergild varies based on social status.
Step-by-step explanation:
The value placed on every being and piece of property in Germanic society is called Wergild. Wergild, also known as "man price," was a form of compensation under Germanic law that aimed to limit cycles of violence by providing a monetary value for any injuries incurred. The amount of wergild varied based on social status, with chieftains and men of fighting age having a higher value than older men, and women of childbearing age being valued more than older women.