Imputed righteousness is that which Christ gives me as a free gift (Romans 5:12-18). It is an immediate gift to me, happening at once, and is not progressive. It is done to me, or imputed. That is, His righteousness is credited to my account, similar to someone depositing money into my bank account. (Romans 4:23-25)
Imparted righteousness is that righteousness that is progressively changing my heart and life by the power of the Holy Spirit. (Philippians 2:13) Whereas imputed righteousness is an instant and immediate gift, imparted righteousness is a progressive and ongoing gift. My heart continually becomes more broken before the Lord. My self-will is continually crushed, my rebellion is progressively broken, and my pride is being overcome, all by God's grace. I am openly and overtly changed to detest the sin I once loved, and to love the Savior with Whom I was once at odds.
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