Another name for Christian believers is “the redeemed” (Is. 62:12). To redeem means to buy back, to buy out of debt or out of bondage, to set free by the payment of a price.
The redeemer pays a worthy price to reclaim something previously owned. Mankind was once God’s by creation, but became lost through sin. God offers Christ’s blood to us as our substitutionary sacrifice and accepts it when we offer it back to Him. Our transaction with God is therefore not a gold-and-silver economy; it is a life-and-death economy. Christ gave His life’s blood to buy us out of sin and death. His blood is a worthy price and provides an imperishable bond between us and God.
Therefore we can rejoice in the fact that Jesus “gave Himself for us, that He might redeem us from every lawless deed and purify for Himself His own special people, zealous for good works” (Titus 2:14). Let us praise Him today; we are the redeemed!