When Jesus uttered those words, “It is finished!” it was His declaration that the debt was fully satisfied, fulfilled, and complete. His blood utterly and completely cleansed us forever. It was far-reaching and all-embracing for all of us who put our faith in Him.

Fourth, in classical Greek times, the word tetelestai depicted a turning point when one period ended and another new period began. When Jesus exclaimed, “It is finished!” it was indeed a turning point in the entire history of mankind, for at that moment the Old Testament came to an end - finished and closed - and the New Testament began. The Cross was “the Great Divide” in human history. When Jesus cried out, “It is finished!” He was shouting that the Old Covenant had ended and the New Covenant had begun!

In that divine moment when Jesus cried, “It is finished,” all the Old Testament prophecies about Jesus’ earthly ministry were fulfilled. The justice of God had been fully met and satisfied by the Lamb of God. At that moment, the sacrifices of the Old Testament permanently ceased, for the perfect Sacrifice had laid down His life for the salvation of mankind. Jesus’ mission was accomplished. Thus, He could cry out that His task was complete!

Never forget that because Jesus was willing to offer His own blood for the full payment of our sinful debt, we are forgiven and utterly debt-free. “PAID IN FULL” has been stamped on our past sinful record because Jesus paid the price for our redemption with His own blood.


Isaiah said, “Surely he hath borne our griefs, and carried our sorrows: yet we did esteem him stricken, smitten of God, and afflicted. But he was wounded for our transgressions, he was bruised for our iniquities: the chastisement of our peace was upon him; and with his stripes we are healed” (Isaiah 53:4,5). So remember:

  • If you are consumed with grief, remember that Jesus bore your grief. 
  • If you are overwhelmed with sorrows, remember that He carried your sorrow. 
  • If you are trapped in a life of transgression, remember that He was wounded for your transgressions. 
  • If you are living in sin, you can be forgiven because He was bruised for your iniquities. 
  • If you are tormented and have no peace, remember that He was chastised for your peace. 
  • If you are physically or mentally sick, remember that He was wounded for your healing.

Jesus paid the price for your salvation, for your liberation, for your physical healing, and for your complete restoration. When the price for your forgiveness was complete, Jesus bowed His head and died. God’s justice had been fulfilled. The Old Covenant had ended, and the New Covenant had begun. It was the fulfillment of one and the beginning of another.

Think of the price Jesus paid and what His death accomplished for you. Doesn’t it make you want to stop for a few minutes to thank Him for what He has done for you? Where would you be today if Jesus had not died on the Cross for you? Why don’t you take a little time right now to express your heartfelt thanksgiving to Jesus for paying the debt you never could have paid!

Think About It

  • Jesus endured excruciating painful torture, humiliation, and shame on Calvary’s Cross. Death by crucifixion was considered so scandalous that it forever marked how the one who died in that manner was remembered.

    Meditate on the kind of death Jesus died in order to purchase your freedom from the power of sin. If sin requires that kind of penalty, why would you allow it to linger in any area of your life?
  • As the ground was splattered with Jesus’ sinless, holy blood, the entire universe witnessed His faithful fulfillment of the Father’s will. Jesus won the greatest victory in the history of the human race ¾ a victory we were incapable of winning for ourselves. 

    Consider how much it cost Jesus to proclaim, “It is finished.” Ask yourself: Choice by choice, day by day, am I willing to pick up MY cross ― my opportunity to obey the will of the Father for my life? Think about it. 
  • If every debt and credit-card bill you owed was suddenly paid off, how would you act? Jesus paid in full your debt to sin. Consider the far-reaching implication of that truth. Sickness, torment, grief, and guilt have no right to oppress you or demand anything from you. Jesus paid your bill, cancelled your debt, and left you with a zero balance! How should that truth influence what you say and do on a daily basis?  

Excerpted from: Paid In Full: An In-Depth Look at the Defining Moment of Christ’s Passion, by Rick Renner. Used with permission.
Teach All Nations Publishers, ISBN: 0-9779459-1-X.
For additional information or to schedule an interview with Rick Renner contact: 
PriorityPR Group 
Karen Hardin 
PO Box 700515 
Tulsa, OK 74170 
Rick Renner is a highly respected leader, teacher, and author within the global Christian community, best known for his ministry in the former Soviet Union and his interpretation of the Greek New Testament. Rick attended the University of Oklahoma, where he studied Classical Greek, Journalism, and Mass Communication. In the years that followed, he continued his extensive study of the Greek New Testament, later earning a Doctor of Philosophy in Ministry. His vast knowledge of the Greek is evidenced in Sparkling Gems of the Greek, which has sold over 100,000 copies. Rick is founder and pastor of the largest and fastest growing church in Russia, The Moscow Good News Church, the Good News Association of Churches and Ministries for Russia, Latvia, and Ukraine assisting approx. 700 churches throughout and has launched “It’s Possible!”, a humanitarian foundation that currently distributes vitamins monthly to thousands of pensioners in Moscow and also bringing assistance to their prison ministry, orphanages, and feeding the hungry. He is the author of more than ten books including the best-sellers,
Dressed to Kill (400,000 copies sold), Ten Guidelines to Help You Achieve Your Long-Awaited Promotion, Point of No Return, Insights on Successful Leadership and more. He has been a guest on Joyce Meyer’s “Enjoying Everyday Life”, “Life Today” with James & Betty Robison, Trinity Broadcasting Networks, “Praise the Lord” program and more. His daily television broadcast, “Good News with Rick Renner” can be seen by a potential 100 million viewers across Russia. Rick and his wife, Denise, make their home in Russia along with their three sons: Paul, Philip and Joel, who are all actively involved in the ministry.