"In whom we have redemption through his blood, the forgiveness of sins, according to the riches of his grace." Eph. i, 7.
"Forasmuch as ye know that ye were not redeemed with corruptible things, as silver and gold, from your vain conversation received by tradition from your fathers; but with the precious blood of Christ, as of a lamb without blemish and without spot." 1 Peter i, 18, 19.
"And ye are not your own, for ye are bought with a price." 1 Cor. vi, 19, 20.
"The Son of man came to give his life a ransom for many." Matt. xx, 28.
"Who gave himself a ransom for all." 1 Tim. ii, 6.
"In whom we have redemption through his blood." Eph. i, 7.
These passages clearly teach that the death of Christ is an atonement for sin, a satisfaction offered to Divine justice, the price for our ransom, and the meritorious and procuring cause of our pardon. "We are freely justified by his grace through the redemption that is in Christ Jesus;" but this redemption was not procured by us, nor at our expense; it was the result of the pure love of God, who, compassionating our misery, himself provided the means of our deliverance, by sending his only begotten Son into the world, who voluntarily submitted to die upon the cross that he might become the propitiation for our sins, and reconcile us to God.
Throughout the whole of this glorious doctrine of our redemption from the tremendous evils of sin, there is, in the New Testament, a constant reference to the redemption price, which is uniformly declared to be the death of Christ, which he endured in our stead.