Redeemed: bought back, exchanged, purchased, reclaimed, ransomed.
I have been redeemed. I would be a slave to sin and Satan if Jesus had not paid the price for me.
Had he not given his life for mine, I would have had to pay for my sin with my own eternal soul. I would have spent eternity in hell. But Jesus paid the life-debt for me and all other people. He took the guilt of our sin on himself and gave up his life as a ransom for us all.
Thus, I am free. Saved. Redeemed. And so are you.
I am no longer bound to sin; now, because Christ is my Redeemer, I am bound to him. I am one with him through my baptism, and my life belongs to Christ--to God-- because he made me. In response to what he has done for me, I strive to love and serve him by loving and serving others. I can't do this perfectly--I fail all the time--but he already took care of the guilt of my sins, including the failure to love and obey him fully, and even the sins I haven't committed yet.
I don't have to live in fear of punishment. Jesus already took the punishment that I deserve. He destroyed the power of Satan, death and hell. They no longer hold power over me, or over you. Satan still has power in this world, but the battle is over--he has already lost, and he knows it. Those who believe in Jesus will spend eternity with him in heaven, no matter what Satan tries to do to them in this world. Why? Because we belong to Jesus, and he is more powerful even than Satan.
We can therefore live this life in joy. We are free from the weight of our own sin, and from the weight of the sin of the world. Jesus bore it for us. Despite the evil that is still rampant all around us, our life doesn't have to be one of sadness or despair. Not for us. Not for those who are children of God. We have the promise of eternal life, and we know that nothing can separate us from God's love--because he has redeemed and saved us.
I know that my Redeemer lives!
What comfort this sweet sentence gives.
He lives, he lives, who once was dead--
He lives, my ever-living Head.
He lives triumphant from the grave,
He lives eternally to save.
He lives all glorious in the sky,
He lives exalted there on high.
He lives and grants me daily breath.
He lives, and I shall conquer death.
He lives my mansion to prepare--
He lives to bring me safely there.
(I Know that My Redeemer Lives, vv 1, 3, 7; text by Samuel Medley.)