Jerry Bridges, Transforming Grace, NavPress, 1991, p. 102.
Scripture speaks of both a holiness we already possess in Christ before God and a holiness in which we are to grow more and more. The first is the result of the work of Christ for us; the second is the result of the work of the Holy Spirit in us. The first is perfect and complete and is ours the moment we trust Christ; the second is progressive and incomplete as long as we are in this life. The objective holiness we have in Christ and the subjective holiness produced by the Holy Spirit are both gifts of God’s grace and are both appropriated by faith.
Jerry Bridges, Transforming Grace, NavPress, 1991, p. 102.