Verse 2
Thou hast forgiven the iniquity - עון נשאת nasatha avon , Thou hast borne, or carried away, the iniquity. An allusion to the ceremony of the scapegoat.
Thou hast covered all their sin - As thou hast freely forgiven it, its offensiveness and abominable nature no longer appear. The whole is put out of sight; and, as we are restored from our captivity, the consequences no longer appear.
Selah - This is true. Our return to our own land is the full proof.
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