Redemption : (noun)
1: (Christianity) the act of delivering from sin or saving from
evil [syn: salvation]
2: repayment of the principal amount of a debt or security at
or before maturity (as when a corporation repurchases its
own stock)
3: the act of purchasing back something previously sold [syn: repurchase,
buyback]
Based on WordNet 2.0
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Re-demption \Re-demp"tion\ (-sh?n), n. [F. r['e]demption, L.
redemptio. See Redeem, and cf. Ransom.]
The act of redeeming, or the state of being redeemed;
repurchase; ransom; release; rescue; deliverance; as, the
Redemption : of prisoners taken in war; the redemption of a
ship and cargo. Specifically:
(a) (Law) The liberation of an estate from a mortgage, or the
taking back of property mortgaged, upon performance of
the terms or conditions on which it was conveyed; also,
the right of redeeming and re["e]ntering upon an estate
mortgaged. See Equity of redemption, under Equity.
(b) (Com.) Performance of the obligation stated in a note,
bill, bond, or other evidence of debt, by making payment
to the holder.
(c) (Theol.) The procuring of God's favor by the sufferings
and death of Christ; the ransom or deliverance of sinners
from the bondage of sin and the penalties of God's
violated law.
In whom we have redemption through his blood.
--Eph. i. 7.
Based on Webster's Revised Unabridged Dictionary
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REDEMPTION, contracts. The act of taking back by the seller from the buyer a
thing which had been sold subject to th right of repurchase.
2. The right ofRedemption : then is an agreement by which the seller
reserves to himself the power of taking back the thing sold by returning the
price paid for it. As to the fund out of which a mortgaged estate is to be
redeemed, see Payment. Vide Equity of redemption.
Based on Bouvier's Law Dictionary, Revised 6th Ed (1856) [Bouvier_Law_Dictionary]:
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Redemption : the purchase back of something that had been lost, by the
payment of a ransom. The Greek word so rendered is
_apolutrosis_, a word occurring nine times in Scripture, and
always with the idea of a ransom or price paid, i.e., redemption
by a lutron (see Matt. 20:28; Mark 10:45). There are instances
in the LXX. Version of the Old Testament of the use of _lutron_
in man's relation to man (Lev. 19:20; 25:51; Ex. 21:30; Num.
35:31, 32; Isa. 45:13; Prov. 6:35), and in the same sense of
man's relation to God (Num. 3:49; 18:15).
There are many passages in the New Testament which represent
Christ's sufferings under the idea of a ransom or price, and the
result thereby secured is a purchase or redemption (comp. Acts
20:28; 1 Cor. 6:19, 20; Gal. 3:13; 4:4, 5; Eph. 1:7; Col. 1:14;
1 Tim. 2:5, 6; Titus 2:14; Heb. 9:12; 1 Pet. 1:18, 19; Rev.
5:9). The idea running through all these texts, however various
their reference, is that of payment made for our redemption. The
debt against us is not viewed as simply cancelled, but is fully
paid. Christ's blood or life, which he surrendered for them, is
the "ransom" by which the deliverance of his people from the
servitude of sin and from its penal consequences is secured. It
is the plain doctrine of Scripture that "Christ saves us neither
by the mere exercise of power, nor by his doctrine, nor by his
example, nor by the moral influence which he exerted, nor by any
subjective influence on his people, whether natural or mystical,
but as a satisfaction to divine justice, as an expiation for
sin, and as a ransom from the curse and authority of the law,
thus reconciling us to God by making it consistent with his
perfection to exercise mercy toward sinners" (Hodge's Systematic
Theology).
Based on Bouvier's Law Dictionary, Revised 6th Ed (1856) [Bouvier_Law_Dictionary]:
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