Catechism of the Catholic Church §1364 — excerpt
In the New Testament, the memorial takes on new meaning. When the Church celebrates the Eucharist, she commemorates Christ's Passover, and it is made present the sacrifice Christ offered once for all on the cross remains ever present.
This translation is under copyright, so only the cited words are quoted here. Follow the link for the full text. Translation: English translation of the Catechism of the Catholic Church, 2nd ed. (Libreria Editrice Vaticana), as posted at vatican.va.
Also cites: LG 3
