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King James Ps 130:7 Let Israel hope in the LORD: for with the LORD there is mercy, and with him is plenteous redemption.

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Word Easton Dictionary - Definition
HOPE one of the three main elements of Christian character (1 Cor. 13:13). It is joined to faith and love, and is opposed to seeing or possessing (Rom. 8:24; 1 John 3:2). "Hope is an essential and fundamental element of Christian life, so essential indeed, that, like faith and love, it can itself designate the essence of Christianity (1 Pet. 3:15; Heb. 10:23). In it the whole glory of the Christian vocation is centred (Eph. 1:18; 4:4)." Unbelievers are without this hope (Eph. 2:12; 1 Thess. 4:13). Christ is the actual object of the believer's hope, because it is in his second coming that the hope of glory will be fulfilled (1 Tim. 1:1; Col. 1:27; Titus 2:13). It is spoken of as "lively", i.e., a living, hope, a hope not frail and perishable, but having a perennial life (1 Pet. 1:3). In Rom. 5:2 the "hope" spoken of is probably objective, i.e., "the hope set before us," namely, eternal life (comp. 12:12). In 1 John 3:3 the expression "hope in him" ought rather to be, as in the Revised Version, "hope on him," i.e., a hope based on God.
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