What is the purchased possession?
The purchased possession is the whole person—body, soul, and spirit—not just the soul. The indwelling Holy Spirit is the down payment of the believer's inheritance, sealing them until the redemption of that purchased possession, when the entire person is redeemed.
Les explains that the purchased possession is not just the soul but the whole person—body, soul, and spirit. In Ephesians, believers are sealed or branded with the Holy Spirit of promise, and that indwelling Holy Spirit is the down payment of our inheritance, holding us until the redemption of the purchased possession. He contrasts this with those who claim to be Sunday go-to-meeting Christians or who rely on law; God is looking for men and women who have experienced a genuine salvation and the indwelling Holy Spirit, so they do not need law to tell them what to do and what not to do.