that the LORD
The term "LORD" is translated from the Hebrew "יהוה" (YHWH), the sacred and personal name of God revealed to Moses at the burning bush (Exodus 3:14). This name signifies God's eternal, self-existent nature and His covenant relationship with Israel. It is a reminder of God's unchanging nature and His commitment to His people. The use of "LORD" here emphasizes the personal and covenantal aspect of God's relationship with the psalmist and, by extension, with all believers.

is great
The Hebrew word for "great" is "גָּדוֹל" (gadol), which conveys not only size but also importance, power, and majesty. This greatness is not just in terms of physical might but also in moral and spiritual authority. In the historical context of Israel, God's greatness was demonstrated through His creation, His deliverance of Israel from Egypt, and His ongoing provision and protection. This greatness is a source of awe and worship, inspiring believers to trust in God's supreme power and sovereignty.

and our Lord
The phrase "our Lord" personalizes the relationship between God and His people. The Hebrew word "אֲדֹנָי" (Adonai) is used here, which denotes lordship and authority. It reflects the acknowledgment of God's rightful rule over the lives of His people. This term is often used in prayer and worship, recognizing God's authority and the believer's submission to His will. It underscores the communal aspect of faith, as "our" indicates a shared belief and trust among the community of believers.

is above all gods
This declaration asserts the supremacy of the LORD over all other so-called gods. The Hebrew word for "gods" is "אֱלֹהִים" (elohim), which can refer to divine beings or idols worshiped by other nations. In the ancient Near Eastern context, where polytheism was prevalent, this statement is a bold affirmation of monotheism and the unique sovereignty of the God of Israel. It serves as a reminder of the futility of idol worship and the incomparable nature of the true God. This truth encourages believers to place their trust solely in the LORD, who is above all powers and authorities.