At the 19:25 minute mark of the Reformed Forum podcast “Justification Sola Fide,” Dr. Lane G. Tipton concisely summarizes the massive, glorious work of redemption accomplished by Jesus Christ:
In his atonement, Jesus propitiates wrath, expiates sin, reconciles us to God, redeems us from sin. In his resurrection, he is justified, adopted, sanctified, glorified, redeemed. In his ascension, he takes all of his God-approved righteousness and resources, and he presents that to God on our behalf. And in this way…redemption has been purchased by Christ.
For those who know and love the Lord Jesus Christ, this magnificent, accomplished redemption is yours through faith, applied personally to your life by God’s Holy Spirit.