It's my understanding that redemption is an economic term.
When you
pay money to a clerk for an item at the store, you are said to redeem
its value so that the item becomes yours, i.e., that you own the item.
When we sin, we are slaves of sin, but Jesus redeems us so that we
become the property of Jesus, i.e., slaves of Christ. This is why a
priest anoints you with oil by drawing a cross on your forehead and
says, "You are marked as Christ's own forever."
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