The new covenant. A prophecy which stands out from the rest of Jeremiah by its evangelical character, in which it strongly reminds us of parts of the second half of Isaiah. The doctrine of the covenant is "the thread which binds together the hopes and the fears of the prophet, his certainty of coming woe, his certainty of ultimate blessing."
A covenant was granted of old, but that covenant had on man's side been broken. Still "the gifts and calling of God are not to be retracted" (Romans 11:29); and Jeremiah felt that the very nature of God guaranteed the renewal of the covenant on a new basis.
"Covenant" is, no doubt, an unfortunate rendering. The Hebrew word so rendered means, primarily, a decision or appointment, and there is a whole group of passages in the Old Testament which requires this meaning (see the present writer's note, in 'The Prophecies of Isaiah,' on Isaiah 42:6).
We retain it, however, as that with which the reader is familiar, and only remind him that God is everything, and man nothing, in fixing the terms of the transaction.