You tell me.
KJV Dictionary Definition: DISPENSATION, n. L. See Dispense.
The dealing of God to his creatures; the distribution of good and evil, natural or moral, in the divine government.
That which is dispensed or bestowed; a system of principles and rites enjoined; as the Mosaic dispensation; the gospel dispensation; including, the former the Levitical law and rites; the latter the scheme of redemption by Christ.
Vine's Expository Dictionary of NT Words: Dispensation - Greek = oikonomia, Noun Feminine, Strong's #3622)
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.
(MY NOTE: A "dispensation" is an arrangement, a mode of dealing with or administration/stewardship/minister of affairs via times & seasons)
Parsing the 5 verses from Vines Dictionary definition of Dispensation above:
1 Cor 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 says: The stewardship/despenation/managemnt of the gospel, of the grace of God (see Acts 20:24) was given/committed to 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 was chosen/made to be a minister, to manage the dispensing of the gospel, of the grace of God. Paul say's, the word of God is given to me/HIM, to share with us)
Eph 3:2 If ye have heard of the dispensation of the grace of God which is given me to you-ward:
(NOTE: The management/despenation/stewardship of the gospel, of the grace of God (See Acts 20:24) was given to Paul, to give, to us)
Eph 1:10 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: The dispensation/arrangement or administration by God, by which in "the fullness of the times" (or seasons) God will sum up all things, that are in Christ)
KJV Dictionary Definition: mystery - MYS'TERY, a secret. (1) A profound secret; something wholly unknown or something kept cautiously concealed)
Eph 3:9 And to make all men see what is the fellowship of the mystery, which from the beginning of the world hath been hid in God, who created all things by Jesus Christ:
(NOTE: The FELLOWSHIP mystery/secret thats been HIDDEN IN GOD. Is that salvation would be opened/offered to gentiles, VOID, of Mosiac Law keeping & Temple sacrifices)
(NOTE: Vine's Expository Dictionary of NT Words: Mystery (Strong's #3466 Noun Neuter musterion) a "mystery" implies knowledge withheld; its Scriptual significance is truth revealed, "made known," "manifested," "revealed," "preached," "understand," "dispensation.
The RISEN Christ, says to Paul:
Acts 26:16 I have appeared to u to make u a "minister" & "witness" of these things which u have seen, & of things that I will show u
(NOTE: Christ makes Paul a Minister/steward/manager)
17 I Delivered u from the Jews, & the "Gentiles, to whom now I send thee"
(NOTE: The RISEN Christ sends Paul to Minister/steward/a manager of God's word to the Gentiles)
Pauls gospel of the grace of God. Given to Paul to give to us is:
1 Cor 15:1 Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
(NOTE: Paul declares the gospel given to him by direct Revelation from the RISEN Christ)
2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.
(NOTE: The Gospel you are SAVED by is
3 For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
(NOTE: That Christ DIED for your SINS)
4 And that he was buried, and that he rose again the third day according to the scriptures:
(NOTE: That Christ was BURIED & ROSE on the 3rd day)
Christ DIED for your SINS was buried & ROSE on the 3rd day!
Rom 10:9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
(NOTE: Confess Christ as Lord & believe God RAISED him from the dead)
10 For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.
(NOTE: Your verbal proclmation that Jesus is Lord leads you toward salvation. Your heart felt/Holy Spirit inspired belief in Christ's resurrection leads unto righteousness.
What exactly was it that Abraham believes whereby God imputed/charged him righteous
Heb 11:
17 By faith Abraham, when he was tried, offered up Isaac: and he that had received the promises offered up his only begotten son,
19 Accounting that God was able to raise him up, even from the dead; from whence also he received him in a figure.
NOTE: Abraham BELIEVED God could RAISE Issac from the dead. Find Abraham context from vs 17)
Rom 4:
3 For what saith the scripture? Abraham believed God, and it was counted unto him for righteousness.
(NOTE: Abraham believed/had faith that God could RAISE Issac from the dead. Based on Abraham's FAITH God counted/IMPUTED Declared Abraham righteous)
13 For the promise, that he should be the heir of the world, was not to Abraham, or to his seed, through the law, but through the righteousness of faith.
(NOTE: It wasn't by keeping any laws or preforming any works, that God declared Abraham righteous. It was by FAITH in God, that God, declared Abraham righteous)
22 And therefore it was imputed to him for righteousness.
23 Now it was not written for his sake alone, that it was imputed to him;
24 But for us also, to whom it shall be imputed, if we believe on him that raised up Jesus our Lord from the dead;
(NOTE When we believe Jesus took our judgment & paid for ALL our sin. And was RAISED from the dead. God declares us righteous in His sight)