But false teachers also arose among the people, just as there will also be false teachers among you, who will secretly introduce destructive heresies, even denying the Master who bought (agorazo) them, bringing swift destruction upon themselves. 2 Pet. 2:1. What does it mean that the Master had bought the false teachers? I believe the Master refers to God the Father who provided reconciliation to all mankind from the bondage of their sinful separated from God state with the blood of the Lamb. Christ paid the price and God accepted the price. But what was bought? Propitiation. Christ became our mercy seat, and through Him, we can obtain the righteousness of God. Since by the sin of the One, Adam, the many, all mankind, were made sinners, imprisoned in our separated from God unholy state, Christ’s sacrifice on the cross bought us, all mankind, out of that bondage. We no longer must remain separated from God, because our sins can be washed away by the blood of Jesus. Paul put it this way in Colossians 2, “He [God] made you alive together with Him [Christ] [referring to our redemption in Christ], having forgiven us all our transgression [violations of God’s Law].” And how did God accomplish this setting aside the record of our transgressions? God blotted out the handwriting in the ordinances, which said because we are unholy sinners we must remain separated from God and be punished. God took it out of the way, when He nailed Christ to the cross. Behold the Lamb of God who takes away the sin of the world. Christ bought, paid the ransom, for all mankind, thus becoming the means of salvation for the whole world, 1 John 2:2. However, only when God credits our faith in Christ as righteousness and places us spiritually in Christ, do we receive the reconciliation provided by Christ’s sacrifice on the cross. Lets call this second transaction redemption. Thus mankind was bought with a price, but only those placed in Christ are redeemed. The best way to illustrate being bought yet not set apart in Christ is to consider the purchase of an “oil lease.” When the “master” buys an oil lease, he has the right to extract the oil or not, he can leave the oil in the ground forever. So the false teacher of 2 Peter 2:1 was bought but not extracted, he was, so to speak, left in the ground. When any oil is extracted, they are set apart in Christ, transferred from the realm of darkness into the kingdom of His Son. Christ laying down His life as a ransom for all, purchased the oil lease on mankind, but only those extracted through faith in Christ are redeemed.