The third of three volumes, this study explores the final and culminating special grace covenant: the new covenant. It examines new covenant formation, life under the new covenant, and eschatological fulfillment of the goals of the new covenant, which also fulfills the eschatological trajectory of all the divine-human covenants taken together in God's plan of redemption.

Ancillary discussions include what the author calls a soft Arminian approach (which is explored and rejected) to foreknowledge and election, recognition that the new covenant is not, and cannot be, a renewal of the Old covenant, a proposal for understanding righteousness, throughout the Bible, as faithfulness to God's nature, with the resultant conclusion that God's own righteousness is his faithfulness to himself, and not merely his faithfulness to some product of his (such as the Old covenant), and a concluding amillennial understanding of the end times.