but with precious blood, as of a lamb without spot, the blood of Christ;
Peter says that we have been bought. Jesus bought us to set us free so that we could become His bondslave. That profound concept may not make sense to those in the world, but it should make a great deal of sense to the Christian. By His blood, we are set free to become His bondservants! One of the unique features of our redemption is that we become both His bondslaves and His freemen.