What does 'it is finished' mean in the context of salvation?

'It is finished' represents a profound declaration of the completion of Christ's redemptive work on the cross. In the context of salvation, this phrase indicates that every requirement of the law has been perfectly fulfilled and that the price for humanity's sins has been fully paid (Colossians 2:14). The sermon postulates that this pronouncement is not merely the end of Christ's earthly ministry but the culmination of God's plan for salvation throughout history. Jesus’ sacrificial death allows His people to be reconciled to God, thus accomplishing what was promised in the covenant (Jeremiah 31:33-34). The finality of Christ's work assures believers that no further sacrifices are necessary; they are permanently freed from guilt and condemnation as they stand justified before God through faith in Him.