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Remission of sin - a Christian perspective
As symbolized in the Lord's Supper, Jesus' sacrifice provides "remission"--forgiveness--of sin. His death and resurrection clear away the stain of sin and restore us to a relationship with God.
http://biblegateway.com/passage/?search=Matthew%2026:28&version=KJV
Remission in the Bible - a Christian perspective
In Hebrews, the author says that without shed blood, there can be no remission or forgiveness of sin. Since Jesus was a perfect sacrifice, we no longer have to offer our own sacrifices.
http://biblegateway.com/passage/?search=Hebrews%209:22&version=KJV