Terms. The theological significance of “steadfast love” and “faithfulness” (vv1-2, 8,14,28,33,49) has already been pointed out in the treatment of psalm 117 above. The covenant with david (vv19-37) refers to the divine promise that a descendant of david would always reign from Jerusalem (2 samuel 7). Even if the members of the dynasty prove unfaithful and are punished, the lord will not go back on his word.