Sentence:  It is a fact now generally recognized by theologians of all shades of opinion, that in the language of the New Testament the same officer in the Church is called indifferently ‘<WSD>bishop</WSD>' ἐπίσκοπος and ‘elder' or ‘presbyter' πρεσβύτερος. 
Meaning of the word marked with <WSD> tags:  An overseer of congregations: either any such overseer, generally speaking, or (in Eastern Orthodoxy, Catholicism, Anglicanism, etc.) an official in the church hierarchy (actively or nominally) governing a diocese, supervising the church's priests, deacons, and property in its territory.