One of the interesting things I pointed out to the class was Paul’s interchangeable use of the terms imputation, count and reckon which appear some eleven (11) times throughout the chapter. These terms mean to put or charge to ones account. They are financial terms which denote an action performed on someone else’s behalf. There are three major imputations in scripture. They are as follows:
1. Adam's sin was imputed to the human race.
Romans 5:12—Wherefore, as by one man sin entered into the world, and death by sin; and so death passed upon all men, for that all have sinned:
1 Corinthians 15:22—For as in Adam all die, even so in Christ shall all be made alive.
2. Our sin was imputed to Christ.
Isaiah 53:5—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 53:11—He shall see of the travail of his soul, and shall be satisfied: by his knowledge shall my righteous servant justify many; for he shall bear their iniquities.
Hebrews 2:9—But we see Jesus, who was made a little lower than the angels for the suffering of death, crowned with glory and honour; that he by the grace of God should taste death for every man.
1 Peter 2:24—Who his own self bare our sins in his own body on the tree, that we, being dead to sins, should live unto righteousness: by whose stripes ye were healed.
3. Christ's righteousness is imputed to us when we believe in Him.
Philippians 3:9—And be found in him, not having mine own righteousness, which is of the law, but that which is through the faith of Christ, the righteousness which is of God by faith:
2 Corinthians 5:21--- For he hath made him to be sin for us, who knew no sin; that we might be made the righteousness of God in him.
I certainly hope this morsel of our journey through Romans prove beneficial to you as together we praise God for justification by grace through faith. Thank God my old account is settled and is no longer a factor and my new account is irrevocable. What an unspeakable gift!!!!