Hastings' Dictionary of the Bible (1898)
DISPENSA'TION. This word, in its scriptural use, generally denotes a plan or scheme, or a system of precepts and principles prescribed and revealed by God for his own glory, and for the advantage and happiness of his creatures. 1 Cor 9:17; Eph 1:10; 2 Sam 3:2; Col 1:25. In the passages above cited it is supposed to mean an authority or commission to preach the gospel. The dispensation of the Law by Moses and of the gospel by Jesus Christ are examples of the use of the word in its former meaning.