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What is the everlasting covenant of grace?

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The everlasting covenant of grace is God's eternal agreement that guarantees the salvation of His elect based on Christ's sacrifice.

The everlasting covenant of grace refers to the pre-temporal agreement among the members of the Holy Trinity, establishing the basis for the redemption of God's elect through the sacrificial work of Christ. 2 Samuel 23:5 notes that this covenant is ordered in all things and sure, encapsulating God’s plan to save sinners. This covenant emphasizes that humanity's salvation hinges not on their works, but entirely on God's grace and the efficacy of Christ’s atoning sacrifice. The execution of this covenant spans both eternity and time, manifesting in the incarnation, death, and resurrection of Jesus Christ, and ensuring the security and justification of all the elect.
Scripture References: 2 Samuel 23:5, Ephesians 1:3-5, Ezekiel 16:60, 2 Timothy 1:9, Hebrews 8:6

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