The CROSS on which Jesus Christ was nailed is the place of divine settlement. When one is born into the world, they are born into a world that is sinful and subject to its power. They are born into a world with the overarching arm of the law that aims to penalize those who are guilty of breaking it.
Sin aims to gain mastery and rule over the residents of this world but the Bible prescribes that we must rule over it (Genesis 4:7). Yet we sin and become guilty according to the law. All have sinned and come short of the glory of God (Romans 3:23). The law obligates that the wages of our sin be paid. The wages of sin is death (Romans 6:23). But thanks be to God, that on the Cross, the sin-debt was paid in full (John 19:30) and nailed to it (Colossians 2:14). When Jesus said from the Cross, “Tetelastai”, it is rendered as “It is finished”, but this word is used in business transactions to mean “Paid in Full”. In other words, Jesus Christ took the letter of the law; the obligations that were imposed on each of us, and nailed it to the cross, blotting it (settling the sin-debt) once and for all.
The lyrics of one of the stanzas of the song, “Before the throne of God Above” beautifully accentuates this fact that our sin-debt has been nailed to the Cross and blotted out in its entirety. The lyrics go as “Because a sinless Savior died, my guilty soul is counted free. For God the just is satisfied. To look on Him (Jesus Christ) and pardon me.”
The Cross is the place of divine settlement. Our sin-debt was paid for in full. So when the Just God and Holy Father, looks at me, He does not see in my sinful state or my past sins, but instead as one that is pardoned and set free from the ordinances of the condemning law.
Has you sin-debt be dealt with? In other words, have you believed in Jesus Christ, who settled our score paying the wages of our sin with his life, dying on the Cross, wherein He nailed our sin-debt. Let us cross examine ourselves and settle with Him, who settled for us, so that we may be able to settle with God eternally.
Colossians 2:13-14 (KJV)
13 And you, being dead in your sins and the uncircumcision of your flesh, hath he quickened together with him, having forgiven you all trespasses;
14 Blotting out the handwriting of ordinances that was against us, which was contrary to us, and took it out of the way, nailing it to his cross;