Romans 3: 24, “being justified freely by His grace through the redemption which is in Christ Jesus ;”(NASB)
Justified in the Greek means we are declared ‘not guilty’ by God. Freely carries the promise that any payment presented by the sinner not only is not accepted, but nullifies that which God has given freely. Ephesians 2: 9, “not as a result of works, so that no one may boast.”(NASB)
Grace in Greek signified a favor done out of the spontaneous generosity of the heart without any expectation of return. When the Greeks exhibited grace, this favor of whatever nature was always done to one’s friend, never to an enemy. But when “Grace” comes into the New Testament, it takes an infinite leap toward, for the favor God did at Calvary was for those who hated Him. It was a favor done out of the spontaneous generosity of God’s Heart of Love with no expectation of return. There are no strings attached to Grace, as there can not be string attached to Grace. It is given gratuitously or it is not Grace. (Swaggart)
Redemption in Greek means to redeem by paying the price. There are three Greek works that mean redeem:
1) Agorazo means to buy in the slave market. (1 Corinthians 6: 20, 7: 23; 2 Peter 2:1), this carries the note that we were in the slave market or on the auction block of Satan’s slave market when the Lord Jesus bought us with His Blood.
2) Exagorazo means to buy out of the slave market. (Galatians 3:13; 4:5), now this means that the Lord Jesus brought us out, not to be sold again. We are His forever and every, Amen.
3) Lutroo means to set free by paying a price. (Titus 2: 14; 1 Peter 1: 18), when the Lord Jesus bought us His set us free, and now are free to live a life pleasing and worthy of the Price in the Power of the Holy Spirit.
Christ Jesus bought us in the slave market of sin with His Precious Blood, we don’t want to think of our selves as slaves to sin but as a sinner we were being control by Satan who played on our lusts. To make it plan; the devil sees that we like to drink so he tells us that there is nothing wrong with drinking with friends. But what he doesn’t tell us is that years latter when we want to stop, we can’t because now we are bound and the ’Happy Hour’ is over.
And as a sinner we have no power to stop. How many 12 step programs do we have to go through before it dawns on us that all of our will power will do is keep us going back to step one. But when we put our faith in Christ and Him Crucified we now have the Power for on High to stop because we have been bought with the Precious Blood of Jesus. This gives the Power of the Spirit of Liberty latitude to move on our behalf. So now that thing which we struggled with for years is removed in the twinkling of an eye. This help from the ‘Helper’, John 16: 7, is called Grace.
The Price of Redemption is so sufficient that when Jesus said “It is finished.”, John 19: 30, in effect God was saying “It is enough.”