God once made a full and perfect sacrifice
Oblation and atonement for the sins of the world
Then the Lamb ascended to His Father's side
And there He reigns forever and will come to rule the Earth
We are debt free we are debt free we are debt free the slate has been wiped clean
He's redeemed us He's redeemed us He's redeemed us from the bondage of slavery
We are designed to love Messiah we are designed to love the Lamb
We are designed to walk in spirit with the Savior hand in hand
No other love can make you happy no other love can make you glad
No other love can set your heart free from the sin that makes you sad
We are debt free we are debt free we are debt free the slate has been wiped clean
He's redeemed us He's redeemed us He's redeemed us from the bondage of slavery
Substitution substitution substitution His body for my life
Restitution restitution restitution was bought at a dear price
We are designed to love Messiah we are designed to love the Lamb
We are designed to walk in spirit with the Savior hand in hand
No other love can make you happy no other love can make you glad
No other love can set your heart free from the sin that makes you sad
We are debt free we are debt free we are debt free the slate has been wiped clean
He's redeemed us He's redeemed us He's redeemed us from the bondage of slavery