In the New Testament, the word redeemed is used for 4 different words in the Greek language.
1) Agoridzo: the marketplace for slaves (Revelations 5:9)
2) Exagoridzo: out of the marketplace for slaves (Galatians 3:13)
3) Lutrosis: the full price for a slave has been paid (Hebrews 9:12)
4) Apolutrosis: the full price for a slave to be given their freedom has been
paid. This is the additional price paid for a slave to restore them to their
original condition, the condition of being a completely free person.
Jesus, the Anointed One, has come to the earth, the marketplace for slaves. He who was rich became poor for our sake, sent to us by our heavenly Father. Jesus, the Word, came to earth, became flesh and lived fully as a man even though He is God, the Son. He has taken us out of the marketplace for slaves by redeeming and adopting us into His eternal kingdom. Even though we are still in the world, we are no longer of this world. As a new creation we are aliens living in a foreign land belonging to the kingdom of heaven.
Jesus has done this by paying the full price for us as a slave. The full price required to redeem a slave from the bondage of sin is death. In taking all of our sins, past, present and future onto the cross with Him, God’s requirement to redeem us from sin has been fully met. Jesus, the Christ, died for us the one time for all time to redeem us from sin.
It is important for us to recognize that God is a completely just God and yet our God is a completely merciful God as well. Jesus has met God's requirement for justice. Therefore, God's desire for mercy is given to us without sacrificing His requirement for justice. Our God has not winked at the cost of sin in our life, even a little bit. Instead, He has lovingly paid the cost of our own sins Himself, through Jesus, His only begotten Son.
Father God, today we thank You for loving us so much that You would do everything for us, so that we may know You in person. Thank You for being our example of what real love is and looks like. Please, help us to let go of the conditions we keep trying to put on the ones we say we love. Help us to reflect our love for others the way You do for us; through true forgiveness, godly mercy and visible grace. Please change our hearts and open our eyes so that we can see what Your best is. Thank You for being such a good God who really does want us to have all of Your best for us, in every area of our lives. Amen