I Corinthians 1:30
But of Him you are in Christ Jesus, who became for us wisdom from God…and righteousness and sanctification and redemption…
Redemption is the act of buying back people or property sold because of debt. It is also used to connote the purchase and liberation of a slave.
Two thoughts are involved in the meaning of redemption: FREEDOM and COST. The cost is referred to as RANSOM.
Redemption presupposes a condition of poverty, debt, slavery from which one can only find deliverance by the payment of a price (ransom).
Speaking of our condition after the fall, we were destitute, powerless, slaves of sin, under the power and dominion of Satan, spiritually dead, separated from God, waiting for the punishment for our sins (eternal damnation).
Job 33:22-30 NLT
They are at death’s door; the angels of death wait for them.
“But if a special messenger from heaven is there to intercede for a person, to declare that he is upright,
God will be gracious and say, ‘Set him free. Do not make him die, for I have found a ransom for his life’
Then his body will become as healthy as a child’s, firm and youthful again.
When he prays to God, he will be accepted. And God will receive him with joy and restore him to good standing.
He will declare to his friends, ‘I sinned, but it was not worth it.
God rescued me from the grave, and now my life is filled with light.’
“Yes, God often does these things for people.
He rescues them from the grave so they may live in the light of the living.
Redemption isn’t just an act of mercy, but a beautiful interplay of love and justice – a ransom is paid.
Christ is our redemption. He is the ransom paid. In Him our redemption is a reality.
In Him we have redemption through His blood, the forgiveness of sins, according to the riches of His grace