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International Standard Bible Encyclopedia
presh´us (stands for 17 different words, chief of which are יקר , yāḳar ; τίμιος , tı́mios ): (1) Generally in the literal sense, "of great price," "costly," "expensive," of material things (e.g. Proverbs 1:13; Jeremiah 20:5; Mark 14:3 the King James Version), especially of precious stones ( 2 Samuel 12:30; 2 Chronicles 3:6; 1 Corinthians 3:12 the King James Version, etc.). (2) Sometimes "of great moral (non-material) value." "Precious in the sight of Yahweh is the death of his saints" ( Psalm 116:15 ); "his precious and exceeding great promises" (2 Peter 1:4 ); compare Psalm 139:17; 2 Peter 1:1 . The literal and the moral senses are both involved in the expression, "knowing that ye were redeemed, not with corruptible things,... but with precious blood" (1 Peter 1:18 , 1 Peter 1:19 ). "Preciousness" (τιμή , timḗ ) occurs in 1 Peter 2:7 the American Standard Revised Version, the English Revised Version, for the King James Version "precious."
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Orr, James, M.A., D.D. General Editor. Entry for 'Precious'. International Standard Bible Encyclopedia. https://www.studylight.org/encyclopedias/eng/isb/p/precious.html. 1915.