DISPENSATIONALISM

A system of theology that, among other things, recognizes three basic tenets:

1. There is a theological distinction between Israel and the Church
2. Scripture is to be interpreted consistently by the literal method unless the text itself mentions a figurative or symbolic interpretation.
3. The underlying purpose of God in the world is His glory

One can be a Dispensationalist and hold differing views concerning the number of dispensations, but the following tenets are believed by all Dispensationalists.

All this information comes from Dr Van Impes book called Your Future An A-Z Index to Prophecy. And also is one of the study tools that is included in The Jack Van Impe Prophecy Bible.