You have your soul to lose, my son, it is of more value than my heart

You have your soul to lose, my son, it is of more value than my heart.
(a) Which word in the extract can be replaced by ‘significance’.
(b) What has the person being spoken to just threatened to do?
© How did the speaker save the listener’s soul?

(a) The word is ‘value’.
(b) The convict has just threatened to drive his knife through the Bishop’s heart. The convict says that he has nothing to lose.
© He saves the convict’s soul by making him believe by his action that there is still hope for him and that there is still good in the world.