Definition: Redemption is the act of buying something back, or paying a price to return something to your possession.
Redemption is the English translation of the Greek word agorazo, meaning "to purchase in the marketplace." In ancient times, it often referred to the act of buying a slave. The Christian use of redemption means Jesus Christ, through his sacrificial death, purchased believers from the slavery of sin to set us free from that bondage.
Another Greek word relating to this term is exagorazo. Redemption always involves going from something to something else. In this case it is Christ freeing us from the bondage of the law to freedom of a new life in him.
The third Greek word connected with redemption is lutroo, meaning "to obtain release by the payment of a price." The price, in Christianity, was Christ's precious blood, obtaining our release from sin.
Biblical References to Redemption:
At that time they will see the Son of Man coming in a cloud with power and great glory. When these things begin to take place, stand up and lift up your heads, because your redemption is drawing near." (NIV)
…for all have sinned and fall short of the glory of God, and are justified freely by his grace through the redemption that came by Christ Jesus. (NIV)
In him we have redemption through his blood, the forgiveness of sins, in accordance with the riches of God's grace 8that he lavished on us with all wisdom and understanding. (NIV)
Christ redeemed us from the curse of the law by becoming a curse for us, for it is written: "Cursed is everyone who is hung on a tree." (NIV)
Pronunciation: ree DEMP shun
By his sacrificial death, Jesus Christ paid for our redemption.
(This article is compiled and summarized from the following sources: The Moody Handbook of Theology, by Paul Enns; and The New Compact Bible Dictionary, edited by T. Alton Bryant.)