1 Peter 2:9

but you are an elect race, a royal priesthood, a holy nation, a purchased people; that you should declare the perfections of him who has called you from darkness into his marvelous light:

Treasury of Scripture Knowledge

Summary

Which is the earnest of our inheritance until the redemption of the purchased possession, unto the praise of his glory.

The redemption

Bible References

The redemption

1 Peter 2:9
but you are an elect race, a royal priesthood, a holy nation, a purchased people; that you should declare the perfections of him who has called you from darkness into his marvelous light: