7In Him we have redemption [that is, our deliverance and salvation] through His blood, [which paid the penalty for our sin and resulted in] the forgiveness and complete pardon of our sin, in accordance with the riches of His grace
8which He lavished on us. In all wisdom and understanding [with practical insight]
14The Spirit is the 1:14 Or down payment.guarantee [the first installment, the pledge, a foretaste] of our inheritance until the redemption of God’s own [purchased] possession [His believers], to the praise of His glory.