There are three different words in the Greek New Testament translated into our English word “redeem.” We will explore these three words and allow them to tell their story of the Cross of Jesus Christ (1).
I. The first Greek word is agorazō, which means to buy a slave in the marketplace. This word is used in the following verses:
For you were bought at a price. Therefore glorify God with your body. (1 Corinthians 6:20 NET)
But false prophets arose among the people, just as there will be false teachers among you. These false teachers will infiltrate your midst with destructive heresies, even to the point of denying the Master who bought them. As a result, they will bring swift destruction on themselves. (2 Peter 2:1 NET)
They were singing a new song: "You are worthy to take the scroll and to open its seals because you were killed, and at the cost of your own blood you have purchased for God persons from every tribe, language, people, and nation. (Revelation 5:9 NET)
Our slave market is this earth with all unsaved people being slaves of sin (John 8:34) and thus Satan (Romans 6:16). After the fall of Adam, all the human race could rightfully expect would be punishment for its sins. However, God the righteous judge stepped down from His judgment throne and Glory to take upon Himself the guilt and penalty of human sin. He thereby satisfied His justice thus making it possible to give mercy on the basis of justice satisfied to all hell-deserving sinners. This mercy is given to those who put their faith in the Savior (1) who died for them. This was Jesus, our Lord, who paid the price for sin’s penalty at Calvary. Those who trust in His blood, belong to Him as His bondslaves.
The one who eats my flesh and drinks my blood has eternal life, and I will raise him up on the last day. (John 6:54 NET)
II. The second Greek word is exagorazō, which means to buy out of the slave market. This word is used in the following verses:
Christ redeemed us from the curse of the law by becoming a curse for us (because it is written, "Cursed is everyone who hangs on a tree") (Galatians 3:13 NET)
to redeem those who were under the law, so that we may be adopted as sons with full rights. (Galatians 4:5 NET)
Those saved are never to be put up for sale in any slave market again. They belong to Jesus forever!
III. The third Greek word is lutroō, which means to set free by the payment of a ransom. This word is used in the following verses:
He gave himself for us to set us free from every kind of lawlessness and to purify for himself a people who are truly his, who are eager to do good (Titus 2:14 NET)
You know that from your empty way of life inherited from your ancestors you were ransomed– not by perishable things like silver or gold, (1 Pet. 1:18 NET)
That is, the Lord’s bondservants are set free from sin and their old master Satan! This is so we can experience that for which God created us – fellowship with and service to God!
Through the Blood of Jesus, I am redeemed from the power of the Devil.
Let those delivered by the LORD speak out, those whom he delivered from the power of the enemy, (Psalms 107:2 NET)
Therefore, since the children share in flesh and blood, he likewise shared in their humanity, so that through death he could destroy the one who holds the power of death (that is, the devil), and set free those who were held in slavery all their lives by their fear of death. (Hebrews 2:14-15 NET)
The one who practices sin is of the devil, because the devil has been sinning from the beginning. For this purpose the Son of God was revealed: to destroy the works of the devil. (1 John 3:8 NET)
Disarming the rulers and authorities, he has made a public disgrace of them, triumphing over them by the cross. (Colossians 2:15 NET)
Through the Blood of Jesus, all my sins are forgiven.
Indeed according to the law almost everything was purified with blood, and without the shedding of blood there is no forgiveness (Hebrews 9:22 NET)
In him we have redemption through his blood, the forgiveness of our trespasses, according to the riches of his grace (Ephesians 1:7 NET)
and from Jesus Christ– the faithful witness, the firstborn from among the dead, the ruler over the kings of the earth. To the one who loves us and has set us free from our sins at the cost of his own blood (Revelations 1:5 NET)
The Blood of Jesus, God's Son, continually cleanses me from all sin.
But if we walk in the light as he himself is in the light, we have fellowship with one another and the blood of Jesus his Son cleanses us from all sin. (1 John 1:7 NET)
Through the Blood of Jesus, I am justified, made righteous, just as if I had never sinned.
Much more then, because we have now been declared righteous by his blood, we will be saved through him from God's wrath. (Romans 5:9 NET)
But now in Christ Jesus you who used to be far away have been brought near by the blood of Christ. (Ephesians 2:13 NET)
Through the Blood of Jesus, I am sanctified, made holy, set apart to God.
Therefore, to sanctify the people by his own blood, Jesus also suffered outside the camp. (Hebrews 13:12 NET)
My body is a Temple of the Holy Spirit, redeemed, cleansed, by the Blood of Jesus.
Or do you not know that your body is the temple of the Holy Spirit who is in you, whom you have from God, and you are not your own? For you were bought at a price. Therefore glorify God with your body. (1 Corinthians 6:19,20 NET)
You know that from your empty way of life inherited from your ancestors you were ransomed– not by perishable things like silver or gold, but by precious blood like that of an unblemished and spotless lamb, namely Christ. (1 Peter 1:18,19 NET)
Watch out for yourselves and for all the flock of which the Holy Spirit has made you overseers, to shepherd the church of God that he obtained with the blood of his own Son. (Acts 20:28 NET)
Satan has not place in and no power over me through the Blood of Jesus and the Word of God!
But they overcame him by the blood of the Lamb and by the word of their testimony, and they did not love their lives so much that they were afraid to die. (Revelation 12:11 NET)