The covenant of grace is God’s eternal, sovereignly effective plan to create a people for Himself. Beginning in the eternal counsel of peace, the covenant of grace stretches forward to the consummation of the age, all the while accomplishing the redemptive ingathering of the people of God. It is the account of this covenant of grace that constitutes the majority of the task of covenant theology.

STEPHEN G. MYERS, GOD TO US – COVENANT THEOLOGY IN SCRIPTURE, 147.