What is the significance of 'it is finished' in the gospel?

The phrase 'it is finished' denotes the completion of Christ's work on the cross, where He bore the sins of His people and satisfied divine justice. This is not an invitation for man to accept but a declaration of the accomplished work of redemption. Hebrews 1:3 reflects this completion, indicating that Christ has purged our sins. The significance lies in resting assured that there is nothing more required from us to achieve salvation; it is fully accomplished in Him. This provides believers with confidence and peace, knowing that they are fully accepted in the beloved.