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What the Fathers say
Eastern Fathers
John Chrysostom
It is an earnest, however, of what? of "The redemption of God's own possession." For our absolute redemption takes place then. For now we have our life in the world, we are liable to many human accidents, and are living amongst ungodly men. But our absolute redemption will be then, when there shall be no sins, no human sufferings, when we shall not be indiscriminately mixed with all kinds of people. At present, however, there is but an earnest, because at present we are far distant from these blessings. …
Theophylact of Ohrid
God "bought" our salvation and gave us the Spirit as a pledge for now, assuring us thereby that He will also grant the inheritance of ineffable blessings. And those who truly partake of the Spirit, as Paul did, for example, already understand from this that He is the pledge of the perfect inheritance. For this reason Paul also groaned and sought to attain perfection "and to be with Christ" (Phil. 1:23). But we do not have such a pledge as we ought, and we do not strive for perfection, since we have not yet tasted it. …
Theodoret of Cyrus
He shows how great are our expectations. This grace is already being given, through which miracles were worked: the dead were raised, lepers cleansed and demons driven out. All of these and similar things have the status of a pledge, so it will become obvious that the faithful will enjoy in the future a much greater grace.
Western Saints
Jerome
A guarantee (arrabōn, "earnest") is not the same as a token or pledge. For a guarantee is given as an affidavit and bond for a future purchase. But a pledge … is an expression of a present reciprocal transaction. Thus when the money is returned the pledge is restored by the creditor to the one who has repaid the debt.… So from the guarantee the majestic scope of the future inheritance may be grasped.
Thomas Aquinas
However, as is mentioned in a Gloss, a variant reading has who is the earnest of our inheritance, and perhaps this is a better rendering. For a pledge differs from the object in place of which it is given, and it must be returned once he who has received the pledge obtains the object due him. An earnest, however, does not differ from the object in place of which it is given, nor is it returned since it is a partial payment of the price itself, which is not to be withdrawn but completed. …
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