‏ Hebrews 11:1

 Now faith is ( εστιν δε πιστις ). He has just said that "we are of faith" (10:39), not of apostasy. Now he proceeds in a chapter of great eloquence and passion to illustrate his point by a recital of the heroes of faith whose example should spur them to like loyalty now.

 The assurance of things hoped for ( ελπιζομενων υποστασις ).

 Hupostasis is a very common word from Aristotle on and comes from  υφιστημ ( υπο, under,  ιστημ, intransitive), what stands under anything (a building, a contract, a promise). See the philosophical use of it in 1:3, the sense of assurance (une assurance certaine, Menegoz) in 3:14, that steadiness of mind which holds one firm (2Co 9:4). It is common in the papyri in business documents as the basis or guarantee of transactions. "And as this is the essential meaning in Heb 11:1 we venture to suggest the translation 'Faith is the title-deed of things hoped for'" (Moulton and Milligan, Vocabulary, etc.).

 The proving of things not seen ( πραγματων ελεγχος ου βλεπομενων ). The only N.T. example of  ελεγχος (except Textus Receptus in 2Ti 3:16 for  ελεγμον ). Old and common word from  ελεγχω (Mt 18:15) for "proof" and then for "conviction." Both uses occur in the papyri and either makes sense here, perhaps "conviction" suiting better though not in the older Greek.

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