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Preterism is the position in eschatology that many of the prophecies of the New Testament (especially those of Matthew and Revelation), which are frequently understood to refer to the end times, actually refer to events in the 1st century CE (such as the Roman destruction of Jerusalem in 70 CE), and as such have already been fulfilled.
There are a range of preterist views. At the most extreme (hyperpreterism), the Bible is seen as having almost nothing at all to say about the world to come — some preterists have even claimed that the Second Coming has already happened. Most preterists however will admit that the NT does contain some as yet unfulfilled prophecies, concerning the endtimes, even as they believe that many prophecies most Christians believe to refer to the endtimes actually refer to the events of the first century.