Greek definitions of Redemption are as follows:
lutroo: To ransom, redeem from.
lutron: Something to loosen with, redemption price, ransom from..
luo: To loosen, break, destroy, put off, melt.
Therefore our redemption was a price that was paid to loose us from bondage, to destroy the yoke, break our chains, remove our shackles and melt away our fears.
We have been redeemed!
But by whom?
Who is "we"?.
By what means?.
In what measure?
But the total fulfillment of redemption will not take place until Jesus comes back to redeem (us) the purchased possession.
Until then, we are instructed to "grieve not the Holy Spirit of God, by whom you are sealed unto the day of redemption." The Holy Spirit is the guarantee of our inheritance. That exciting! Why not thank the Lord, right now and shout: "I have been redeemed!"