The label “dispensationalism” is derived from the idea that biblical history is best understood through division into a series of chronologically successive dispensations. The number of dispensations held are typically three, four, seven or eight. The three- and four-dispensation schemes are often referred to as minimalist, as they recognize the commonly held major breaks within Biblical history. The seven- and eight-dispensation schemes are often closely associated with the announcement or inauguration of certain Biblical covenants.
Key beliefs in regard to the Second Coming of Christ:
The coming of Christ will be instantaneous and worldwide. “For as the lightning comes from the east and flashes to the west, so also will the coming of the Son of Man be.” (Matthew 24:27)
The coming of Christ will be visible to all. “Then the sign of the Son of Man will appear in heaven, and then all the tribes of the earth will mourn, and they will see the Son of Man coming on the clouds of heaven with power and great glory.” (Matthew 24:30)
The coming of Christ will be audible. “And He will send His angels with a great sound of a trumpet, and they will gather together His elect from the four winds, from one end of heaven to the other.” (Matthew 24:31)