Joe Morecraft: Christ by His blood satisfies, atones, propitiates, reconciles, and redeems

The only source of satisfaction, atonement, propitiation, reconciliation and redemption with reference to God is through the shedding of sacrificial blood. The word, “sacrifice,” is directed to the need created by the guilt of our sin. “Propitiation” refers to the need that arises from the wrath of God against sin. “Reconciliation” refers to the need arising from our alienation from God because of sin. And “redemption” or “ransom” is directed to the slavery to which our sin has consigned us.

-Joe Morecraft, "Authentic Christianity," vol. 2, pp. 73-74