PURCHASE means that Christ's blood or death has bought the world, and all that are in it, to Himself and to God. (See Matt. 13:4444Again, the kingdom of heaven is like unto treasure hid in a field; the which when a man hath found, he hideth, and for joy thereof goeth and selleth all that he hath, and buyeth that field. (Matthew 13:44); 1 Cor. 6:20; 7:2320For ye are bought with a price: therefore glorify God in your body, and in your spirit, which are God's. (1 Corinthians 6:20)
23Ye are bought with a price; be not ye the servants of men. (1 Corinthians 7:23); Heb. 2:99But we see Jesus, who was made a little lower than the angels for the suffering of death, crowned with glory and honor; that he by the grace of God should taste death for every man. (Hebrews 2:9); 2 Pet. 2:11But there were false prophets also among the people, even as there shall be false teachers among you, who privily shall bring in damnable heresies, even denying the Lord that bought them, and bring upon themselves swift destruction. (2 Peter 2:1); Rev. 5:9; 14:39And they sung a new song, saying, Thou art worthy to take the book, and to open the seals thereof: for thou wast slain, and hast redeemed us to God by thy blood out of every kindred, and tongue, and people, and nation; (Revelation 5:9)
3And they sung as it were a new song before the throne, and before the four beasts, and the elders: and no man could learn that song but the hundred and forty and four thousand, which were redeemed from the earth. (Revelation 14:3).) But there is this difference, that the believer owns the purchase, the unbeliever disowns it, and denies Him who purchased all by His blood.
REDEMPTION is by power founded on the shed blood of the Lamb, as we see in Exod. 12 -14. By the resurrection of Christ the Christian now knows this for his sin; that is, for his soul, and will know it for his body when Christ comes again, who will make it good for Israel in the day of manifestation.
RECONCILIATION is the bringing back to God what had been severed by sin, and this is applied to both persons and things, as we see typically in Lev. 16—doctrinally in Col. 1
ATONEMENT consists of the two parts, united for us in the bullock, analyzed for Israel in the two goats of Lev. 16, which set forth Jehovah's part in propitiation—the people's in substitution.
JUSTIFICATION means that the believer in Jesus, though in himself ungodly, and confessedly so, is accounted righteous with God by virtue of the work of Christ, the full measure of which is Christ risen from the dead ( 1 Cor. 1, and 2 Cor. 5).
FORGIVENESS is the remission of the sins of those who believe in Jesus through faith in His blood; not their pretermission merely, as of old, but their remission (Rom. 3).
SANCTIFICATION of the Spirit is the setting apart to God of all that are born of God, to obey as Christ obeyed, and the sprinkling of His blood (1 Pet. 1); and this personal or absolute sanctification is followed up by practical sanctification in the measure of their faith, and therefore relative; it should also be progressive. There is also a position of sanctification by blood in Heb. 10 which might not be vital, and hence be lost.
ADOPTION in the Christian sense is the sonship which the believer receives as his new relation to God through faith in Christ Jesus.
PERFECTION means that full growth which is the characteristic of the Christian who goes on from the elements of truth in Christ after the flesh to Him, dead and risen and ascended to heaven, and our place in Him.
GLORIFICATION means the application to our bodies of that power of Christ risen, which will conform us completely to His image in glory (Rom. 8; Phil. 3).
REGENERATION goes beyond "new birth" in John 3, which is a change purely subjective, and was always true of saints since the fall, where as the Greek word paliggenesia is objective and imperfect: that change of place only which enables one to say, "I am in Christ a new creation, old things have passed away; behold all things are become new."