Jesus told His disciples many times of His death but this is the first time He indicated the reason for His death. Now it is clear that His death would be a ‘ransom’, defined in the Greek as a means of loosing by paying a price.
The words ‘ransom’ and ‘redeem’ were used interchangeably in scripture.
Not only would Jesus pay the price for sin but also His death would be substitutionary. In 1 Timothy 2:6, the word ‘ransom’ is taken from the Greek word ‘antilutron’ which means ‘a redemption-price.’ The Greek word ‘anti’ means ‘in place of.’ In other words, the ransom avails for all who will accept it (Jn. 3:16; Rom. 10:13).
The price paid for our redemption is the life of Jesus, that is, Jesus’ blood (Col. 1:14). This redemption, according to Hebrews 9:12, is eternal and is intended to purify us from all iniquity (Ti. 2:14), and bring us to serve the living God (Heb. 9:14).
This can be illustrated by the way we use trading stamps. First, the stamps have to be purchased, then they are redeemed for the desired product. The purchase is essential but so is the redemption. No one really wants the stamps. They want what the stamps can be redeemed for. The purchase for our total salvation has already been made with the blood of Jesus, but our bodies have not been redeemed yet. That is to say that we have not received yet, all the benefits of this transaction in our physical bodies. This will take place at the second coming of the Lord when we receive our new glorified bodies.
Our spirits are the only part of us that have experienced total redemption.
Thank God for the redemption He has provided for you today.