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We here understand that this justification is not wrought for, but given, and given freely. It is not a purchase, but a present. It is given by grace, which is just saying, that it is given gratis. When we say that it is not a purchase, we mean that it is not purchased by ourselves. Still however it was purchased, but by another. To redeem is to recover what is lost, but by rendering an adequate price for it. We had lost righteousness in the sight of God. Jesus Christ redeemed the righteousness that we had lost. He gave the price for it; and we are freely offered that thing which is the fruit of His purchase.

Thomas Chalmers — Lecture XI, on Romans 3:20-26 (comment on verse 24), in Lectures on the Epistle of Paul the Apostle to the Romans (New York: Robert Carter, 1843), p. 59

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Thomas Chalmers, Lecture XI, on Romans 3:20-26 (comment on verse 24), in Lectures on the Epistle of Paul the Apostle to the Romans (New York: Robert Carter, 1843), p. 59 (archive.org)
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