Um, I specifically said I wasn't looking for my own definition. It's a word with a standard definition. Why would I give my own instead of the standard definition? Here are some definitions by scholars, but they all pretty much agree, if you understand the vocabulary they are using.
Friberg defines the Greek word οἰκονόμος thus: “(1) literally, relating to the task of an οἰκονόμος (
steward) in household administration
stewardship,
management (LU 16.2); (2) figuratively; (a) of the apostolic office in God's redemptive work
task,
responsibility,
trusteeship (CO 1.25 ); (b) of God's arrangements for mankind's redemption
plan,
arrangement,
purpose (EP 3.9); 1T 1.4 may mean (
divine)
training, but (
divine)
plan is also possible.”
[1]
One Bible encyclopedia defines it as “a stewardship, the management or disposition of affairs entrusted to one.”
[2] The revised version of that work defines it: “The term refers to the action of giving out, specifically referring to God’s dealings with men. In 2 Cor. 3 Paul contrasts the brightness of Moses’ face in the giving of the OT law (v. 5) which brought death (v. 7) with the ‘greater splendor’ (v. 8) of the giving of the Spirit which brought righteousness (v. 9).”
[3]
Chafer says: “A dispensation is a specific, divine economy, a commitment from God to man of a responsibility to discharge that which God has appointed him.”
[4]
Charles Ryrie: “A dispensation is a distinguishable economy in the outworking of God’s purpose.”
[5]
[1] Timothy Friberg, Barbara Friberg and Neva Miller,
Analytical Lexicon of the Greek New Testament (Grand Rapids: Baker, 2000), 279.
[2] The International Standard Bible Encyclopedia (1915 edition), accessed through e-Sword software.
[3] Geoffrey W. Bromiley, ed.,
The International Standard Bible Encyclopedia, rev., Vol. 1 (Grand Rapids: Eerdmans, 1979), 962.
[4] Lewis Sperry Chafer,
Systematic Theology, Vol. VII (Dallas: Dallas Seminary Press, 1948), 122.
[5] Charles Ryrie, Dispensationalism (Chicago: Moody, 2007), 33.
I'll even add on a covenant theologian. Louis Berkhof rightly disagrees with Scofield's mistaken definition of "dispensation" as a period of time, and calls it "a stewardship, an arrangement, or an administration" (
Systematic Theology), 299.