"When Jesus therefore had received the vinegar, he said, It is finished: and he bowed his head, and gave up the ghost." -John 19:30
My hubby and I were discussing this Scripture last night, and we are in agreement (although we come to it in different ways) that the "it" is the debt that Jesus paid for us all -- the fulfillment of the Law.
So what say you? How would you describe the "it?"
Yes indeed, the 'fulfillment' of the 'Law and the Prophets' that JESUS of Nazareth 'accomplished', in all it's requirement, in order to 'quench' the righteous 'wrath' of GOD's 'justice' on the 'guilty'.
Therefore then the 'New Covenant' is made and established and given to HIS now newly 'redeemed' people from 'sin' and 'death'. And so Christians 'abide' in all of them, in order to 'fulfill' the assured promise of Eternal Life.