It refers to a solemn, binding agreement or contract—often between God and humanity (or a specific people)—involving promises, responsibilities, conditions (or unconditional promises), signs or tokens, and frequently ratified with blood or an oath. God’s covenants demonstrate His faithfulness even when people fail.[1] (https://kingjamesbibledictionary.com/Dictionary/covenants)
The KJB uses both “covenant” (especially in the Old Testament) and “testament” (in the New Testament, translating the same underlying idea of a binding agreement or will). The books themselves are called the “Old Testament” and “New Testament,” referring to the old and new covenants.
The Major Biblical Covenants
While the exact number and grouping vary by theological perspective, a common framework (widely used in KJB study resources and dispensational teaching) identifies seven covenants. Three are made with mankind in general; four involve Israel specifically.[2] (https://www.gotquestions.org/Bible-covenants.html)
To me what is key is it Biblical. You be the Judge! Big words confuse me. I like progressive with covenant. Keep it Christ Centered and biblical and literal.
Covenant dispensation (or more commonly, the "administrations" or "dispensations" of the covenant) is a concept primarily from covenant theology, a framework in Reformed and Protestant Christian thought for understanding God's relationship with humanity across redemptive history.
The covenant of grace is one unified covenant but administered (or "dispensed") differently in various eras. These are not separate tests or ways of salvation (salvation has always been by grace through faith), but progressive revelations and applications of the same gracious promise, pointing forward to Christ.