Vine's Expository Dictionary of NT Words
Priesthood, Priest's Office
denotes "a priesthood" (akin to hierateuo, see below), "a body of priests," consisting of all believers, the whole church (not a special order from among them), called "a holy priesthood," 1 Peter 2:5; "a royal priesthood," 1 Peter 2:9; the former term is associated with offering spiritual sacrifices, the latter with the royal dignity of showing forth the Lord's excellencies (RV). In the Sept., Exodus 19:6; 23:22 .
"a priesthood," signifies the office, quality, rank and ministry of "a priest," Hebrews 7:11,12,24 , where the contrasts between the Levitical "priesthood" and that of Christ are set forth. In the Sept., 1 Chronicles 29:22 .
signifies "to officiate as a priest," Luke 1:8 , "he executed the priest's office."
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Vines, W. E., M. A. Entry for 'Priesthood, Priest's Office'. Vine's Expository Dictionary of NT Words. https://www.studylight.org/dictionaries/eng/ved/p/priesthood-priests-office.html. 1940.