What does “Blessed be” mean in “Blessed be the name of the LORD”. Psalm 113:2?

What does “Blessed be” mean in “Blessed be the name of the LORD”. Psalm 113:2?

Psalm 113:2 "Blessed be the name of the LORD From this time forth and forevermore". NKJV. My emphasis. 1. What is "blessed"; and what the name that is blessed? Psalm 113:2 International Standard Version. "May …

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