Verse 31
In the future, the Lord will make a new covenant with all the Israelites, specifically the Israelites who had inhabited the Northern Kingdom and those who had inhabited the Southern Kingdom (cf. Jeremiah 32:40; Isaiah 24:5; Isaiah 42:6; Isaiah 49:8; Isaiah 55:3; Isaiah 59:21; Isaiah 61:8; Ezekiel 16:60; Ezekiel 37:26; Hosea 2:18-20; Luke 22:20; 1 Corinthians 11:25; 2 Corinthians 3:6; Hebrews 8:8 to Hebrews 9:28; Hebrews 12:24). This is the only place in the Old Testament where the term "new covenant" appears, though there are many references to this covenant elsewhere.
"The short passage which develops from the simple announcement in this verse is one of the most important in the book of Jeremiah. Indeed it represents one of the deepest insights in the whole OT." [Note: Thompson, pp. 579-80.]
"The heart of OT theology and of the message of Jeremiah was his teaching on the New covenant in Jeremiah 31:31-34." [Note: Walter C. Kaiser Jr., Toward an Old Testament Theology, p. 231.]
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