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What is the biblical meaning of dispensation?

Something God gives. Information, Revelation, Doctrine… Form the benefit of the recipients. Ephesians 3:2 If ye have heard of the dispensation of the grace of God which is given me to you-ward:

As seen in Ephesians 3:2 and Colossians 1:25 God gave Paul something to be dispensed or given to the gentiles in to form of information or a revelation concerning the grace of God.