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The New Testament emphasizes the tremendous cost of redemption: "the precious blood of Christ" <1 Pet. 1:19; Eph. 1:7>, which is also called an atoning sacrifice, "a propitiation by His blood" <Rom. 3:25>. Believers are exhorted to remember the "price" of their redemption as a motivation to personal holiness <1 Cor. 6:19-20; 1 Pet. 1:13-19>. The Bible also emphasizes the result of redemption: freedom from sin and freedom to serve God through Jesus Christ our Lord.
How can we fail to rejoice, having been freed from the oppressive bondage of slavery to sin <John 8:34; Rom. 6:18>, the law <Gal. 4:3-5; 5:1>, and the fear of death <Heb. 2:14-15>? "Therefore if the Son makes you free, you shall be free indeed" <John 8:36>.
(from Nelson's Illustrated Bible Dictionary)
(Copyright (C) 1986, Thomas Nelson Publishers)