The first 5 words we dealt with in part 1 were faith, grace, salvation, law and gospel. If you missed that teaching, feel free to go back and watch part 1. Let's take a look at the next five words.

6. Righteousness
Mankind at large has this idea that God is satisfied with goodness or being good. However, God's standard has never been goodness, it has always been perfection. Because we have sinned and have fallen short of God's standard of perfection, we are not right with Him. We are not righteous. 

What puts us in even more of a tough situation, is that there is nothing we can do to earn right standing with God. Romans 3 tells us that the righteousness of God which is by faith of Jesus Christ unto all and upon all them that believe: for there is no difference: For all have sinned, and come short of the glory of God.

This is why we needed Jesus Christ to become the substitute and died on the cross for our sins. 2 Corinthians 5:21 says 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.

There is only one way to be made right or righteous in the sight of God and that is through faith in the only begotten son of God, Jesus Christ and his work on the cross.

7. Justification
What does being justified mean? Romans 5:1 says Therefore being justified by faith, we have peace with God through our Lord Jesus Christ:

The word literally means to be rendered innocent or found not guilty. Even though we have messed up and have done sinful things, through Jesus Christ, while we are guilty, Jesus took our guilt and shame, and the punishment for our sin became guilty in our stead. Through faith we are justified freely by His grace.

8. Propitiation
1 John 2:1-2 My little children, these things write I unto you, that ye sin not. And if any man sin, we have an advocate with the Father, Jesus Christ the righteous: And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world.

Romans 3:24-25 Being justified freely by his grace through the redemption that is in Christ Jesus: Whom God hath set forth to be a propitiation through faith in his blood, to declare his righteousness for the remission of sins that are past, through the forbearance of God;

The word propitiation literally means appeasement or to be satisfied. Because God is holy and His standard is perfection, He cannot overlook our sin. We have broken His commandments and deserve punishment. This is why He sent Jesus to be the propitiation, or satisfaction for the penalty of our sin. Jesus went to the cross and died as a substitute for you and for me. 

Isaiah 53:11 tells us the God saw the anguish of Jesus Christ and His sacrifice and is satisfied. That is propitiation. 

9. Imputation
The word imputation means to credit to ones account. The great transfer that has taken place is between us and Christ. 

In 2 Corinthian 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.

This scripture explains that there are two imputations or credits that have taken place in the work of salvation. First is the imputation of our sin to Christ. At the cross Jesus took our sin and punishment and it was transferred off of us. 

The second imputation happens when we place faith in Jesus Christ. We are credited or imputed with Christ's perfection and are viewed by God as if we have never sinned. What a great salvation!

10. Sanctification
The word sanctify means to set apart. When we place faith in Christ, we are then sanctified and set apart, positionally with Jesus Christ. But the fact is, we still sin when we are saved. As a believer, we should be striving to be set apart for the work of Christ and growing to maturity in the faith. 

John 17:18-19 Jesus said, As you sent me into the world, so I have sent them into the world. 19 And for their sake I consecrate myself, that they also may be sanctified in truth.

God started the work of making us like Christ, and He is continuing it (Philippians 1:6). This type of sanctification is to be pursued by the believer earnestly (1 Peter 1:15; Hebrews 12:14) and is effected by the application of the Word of God in our lives. It literally means that every Christian should be striving for holiness in their lives based on all that Christ has done for them in salvation.