“In whom we have redemption through his blood, even the forgiveness of sins:”
King James Version (KJV)
1:14 In whom we have redemption - This is treated of from the middle of #Col 1:18|. The voluntary passion of our Lord appeased the Father's wrath, obtained pardon and acceptance for us, and, consequently, dissolved the dominion and power which Satan had over us through our sins. So that forgiveness is the beginning of redemption, as the resurrection is the completion of it.
Col 1:14 In whom we have redemption through his blood. We are redeemed from sin. We were in bondage, but have been purchased. Satan holds us under bondage until our sins are blotted out. The price paid is his blood. Compare Eph 1:7.