Vine's Dictionary of New Testament Words: Dispensation
Dispensation - Greek = oikonomia, Noun Feminine, Strong's #3622
A period or epoch (a common, but erroneous, use of the word), but a mode of dealing, an arrangement, or administration of affairs . Primarily signifies "the management of a household or of household affairs" (oikos, "a house," nomos, "a law"); then the management or administration of the property of others, and so "a stewardship.
In the Epistles of Paul, who applies it:
(a) to the responsibility entrusted to him of preaching the Gospel, 1 Corinthians 9:17 (RV, "stewardship," AV, "dispensation");
(b) to the stewardship commited to him "to fulfill the Word of God," the fulfillment being the unfolding of the completion of the Divinely arranged and imparted cycle of truths which are consummated in the truth relating to the Church as the Body of Christ, Col 1:25 (RV and AV, "dispensation"); so in Ephesians 3:2, of the grace of God given him as a stewardship ("dispensation") in regard to the same "mystery;"
(c) in Ephesians 1:10 ; 3:9 , it is used of the arrangement or administration by God, by which in "the fullness of the times" (or seasons) God will sum up all things in the heavens and on earth in Christ.
(NOTE: A "dispensation" is a mode of dealing, an arrangement, a stewardship or administration of affairs)
Using the 3 verses from Vines definition of Dispensation above:
1Cor 9:17 For if I do this thing willingly, I have a reward: but if against my will, a dispensation of the gospel is committed unto me.
(NOTE: Paul under the inspiration of the Holy Spirit says: That a stewardship/despenation of the gospel was given to me/HIM)
Col 1:25 Whereof I am made a minister, according to the dispensation of God which is given to me for you, to fulfil the word of God;
(NOTE: Paul under the inspiration of the Holy Spirit says: That a stewardship/despenation of the gospel was given to me/HIM)
Eph 3:2 If ye have heard of the dispensation of the grace of God which is given me to you-ward:
(NOTE: Paul under the inspiration of the Holy Spirit says: That a stewardship/despensation of the gospel was given to me/HIM)
Other example's of a: dispensational stewardship:
Hebrews 1:1 God, who at sundry times and in divers manners spake in time past unto the fathers by the prophets,
(NOTE: Sundry = Many parts or portions & Divers manners = many ways. God spoke to the fathers in different times in different ways. Example: Adam - Noah - Abraham - Moses.)
Ephesian 1:
9 Having made known unto us the mystery of his will:
(NOTE: God NOW reveals the mystery of his will)
10 That in the dispensation of the fulness of times he might gather together in one all things in Christ, both which are in heaven, and which are on earth; even in him:
(NOTE: To be revealed NOW thru the administration, by God, of Paul's stewardship/ministry. NOW, at "the fullness of the time" (or seasons)