“And you, being dead in your sins and the uncircumcision of your flesh, hath he quickened together with him, having forgiven you all trespasses;”
By canceling the record of debt that stood against us with its legal demands. He set this aside, nailing it to the cross — cheirographon (record of debt, handwriting) is OT language for covenant violation. The 'record' stood 'against us' (hypenantios): it was our accusation. 'Set this aside' (exaleiphō, erase) and 'nailed to the cross' (prosēloō tō staurō) show Christ's cross erases the debt. Crucifixion is debt-cancellation: the price is paid.
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