As I was cooking supper tonight I had a Cathedrals CD playing. The song “The Old Account was Settled Long Ago” (by Frank M. Graham) came on. It’s a song I’ve heard hundreds of times, but the chorus really stuck out to me tonight in a new way – isn’t it funny how that happens?
“Long ago (down on my knees), long ago (I settled it all),
Yes, the old account was settled long ago;
And the record’s clear today, for He washed my sins away,
When the old account was settled long ago.”
The word settled means resolved, ended, paid. Christ paid the price for anyone that would ever call on His name. At the time of our salvation the record books are cleared. The word clear means to “become free of something that marks, darkens, obstructs, or covers something else”. Sin once covered us, darkening our lives and obstructing our path to God. Christ broke through that obstruction, clearing a way for us to be reunited with the Father, settling all our accounts and freeing us to live a life of blessed by grace.
Johnny Cash singing “The Old Account Was Settled Long Ago”