A price paid to buy back or to bring about a release from some obligation or undesirable circumstance. A ransom is a sum of money or a price demanded or paid to secure the freedom of an enslaved person. The basic idea of “ransom” is saving somebody from an oppressed condition or dangerous situation through self-sacrifice, such as a price that covers or satisfies justice. At the same time, the term “redemption” is the deliverance that results from the ransom.
Does this passage refer to eternal security? Is it an absolute assurance of eternal life regardless of what the Christian does? Eternal security is sometimes referred to as being “once saved, always saved” or the perseverance of the saints in the classical language.
New Testament Bible scholars David Walls and Max Anders attempt to unravel this conundrum. The problem is, they are quite mistaken. We will look at their full argument, which sounds very biblically grounded, until the missing information is given.