Why is understanding the meaning of 'bought' in Scripture important?

The term 'bought' in 2 Peter 2, taken from the Greek word 'agarezo', speaks to ownership rather than redemption through Christ's blood. Understanding this distinction is paramount, as it clarifies that all souls belong to the Lord by His right of creation and possession, as emphasized in Ezekiel 18:4. The idea that Christ owns all is comforting yet sobering, as it affirms His sovereignty and right to judge. Misinterpreting 'bought' to mean redemptive atonement could lead to erroneous beliefs about salvation, particularly that one can be lost after being saved. This is why accurate theological understanding is essential for a proper view of God's grace and justice.