κράτει ὅ ἔχεις. See on Revelation 2:6; Revelation 2:25.

λάβῃ, i.e. rob thee of it: it is hardly meant that his loss will be in any sense another’s gain, but that whoever can tempt him to let go what he has will deprive him of what he hopes for. On στέφανον see note on Revelation 2:10 : the image of a race or other contest for a prize does not seem in harmony with the context nor with the style of this book.

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Old Testament