Having read a lot of definitions of how people perceive the Bible, I think that this is the most accurate and what I would align most with. Please take the time to read this, I believe that it is very well written. You can tell that there was a lot of thought that went into this.
THE BETHLEHEM BAPTIST CHURCH ELDER AFFIRMATION OF FAITH
I believe that the Bible, consisting of the sixty-six books of the Old and New Testaments, is the infallible Word of God, verbally inspired by God, and without error in the original manuscripts. I believe that God’s intentions, revealed in the Bible, are the supreme and final authority in testing all claims about what is true and what is right. In matters not addressed by the Bible, what is true and right is assessed by criteria consistent with the teachings of Scripture.
I believe God’s intentions are revealed through the intentions of inspired human authors, even when the authors’ intention was to express divine meaning of which they were not fully aware, as, for example, in the case of some Old Testament prophecies. Thus the meaning of Biblical texts is a fixed historical reality, rooted in the historical, unchangeable intentions of its divine and human authors. However, while meaning does not change, the application of that meaning may change in various situations.
Nevertheless it is not legitimate to infer a meaning from a Biblical text that is not demonstrably carried by the words which God inspired. Therefore, the process of discovering the intention of God in the Bible (which is its fullest meaning) is a humble and careful effort to find in the language of Scripture what the human authors intended to communicate. Limited abilities, traditional biases, personal sin, and cultural assumptions often obscure Biblical texts. Therefore the work of the Holy Spirit is essential for right understanding of the Bible, and prayer for His assistance belongs to a proper effort to understand and apply God’s Word.