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Pastor Wagner (before he was ordained) preached an extemporaneous sermon on the twofold nature of justification: 1) how Jesus Christ justified His people in the sense of making them righteous by His knowledge, faith, blood, and grace, and 2) how believers are justified in the sense of being accounted righteous by their faith.
Click here for the essay about Justification referenced in this sermon.
I confess to having being lazy in the past as regards Bible study but thanks to sermons like this Iam now using the OED a lot more to find out the sense of the words and comparing scripture with scripture.
May God bless you as you do.