Many believe the Bible describes several periods called dispensations. Dispensational Truth - Is It Premillennial? What did Paul have in mind when he used this term in Eph. 1:10? "That in the dispensation of the fullness of the times He might gather together in one all things in Christ, both which are in heaven and which are on earth--in Him? To answer this question, we must analyze two important points in the text. First, we ask, what is the "fullness of the times?" According to the Galatians letter, this refers to the period of the Law of Moses. But when the ...