The phrasing of this line, especially the words “text that is received by all,” provides us with the common phrase Textus Receptus (abbreviated T.R.), a term used by textual critics to refer to that form of the Greek text that is based, not on the oldest and best manuscripts, but on the form of text originally published by Erasmus and handed down to printers for more than three hundred years, until textual scholars began insisting that the Greek New Testament should be established on scientific principles based on our oldest and best manuscripts, not simply reprinted according to custom. It
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I have never been so grateful for the NRSV. There are many problems with the current translations, but it is clear that the ones we have now are the best and most thorough productions of the Bible since the first copies were made going into the 2nd century.