MORE THAN FORGIVEN, MADE RIGHTEOUS
God’s unmerited favor has been expressed toward us in that while we were yet sinners Christ died for us, so that we are more than forgiven, we are made right with God. When a debt is forgiven, it brings the account up to zero. But God has done more than forgive our sin debt. He has accounted the righteousness of Christ unto us, so that we are justified, made righteous before God. Our sin debt is paid in full, even more, the righteousness of Christ is now ours.
This grace not only makes us right with God, it gives us confidence, so that we know we will inherit eternal life. What amazing grace this is!