COVENANT THEOLOGY
- old and new covenants are one long continuation
- new doesn't replace old but is a new form, like baptize babies is the new form of circumcision
- also promises of God's kingdom are completely fulfilled now; no notion of restoring Israel
- there's still the 2nd coming, to come, but promises have happened already
DISPENSATIONAL THEOLOGY
- i.e. Dispensationalism
- Classicial version: promises are yet to come (following 2nd coming); notion of Israel getting restored
- Progressive version: already not yet; subscribes to portion of covenant theology that some promises are now but also some are yet to come
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