What does it mean that Christ has bought us?

The concept of being bought by Christ conveys profound theological implications, particularly that believers are not their own but belong to the Lord. 1 Corinthians 6:20 states, 'For you are bought with a price.' This price was the sacrificial death of Jesus, which atoned for the sins of His people. Just as Joseph purchased the Egyptians to provide for their needs, Christ purchased His elect to secure their eternal life and relationship with Him. Understanding this truth compels believers to live lives that glorify God, recognizing that our salvation was a costly sacrifice made out of love for us.