The New King James Version (NKJV) is a modern Bible translation, published by Thomas Nelson, Inc. The Anglicized edition was originally known as the Revised Authorised Version, but the NKJV title is now used universally. The NKJV New Testament was printed in 1979 and the complete Bible in 1982. The aim of its translators was to update the vocabulary and grammar of the King James Version, while preserving the classic style and beauty of the 1611 version. Although it uses substantially the same Hebrew and Greek texts as the original KJV, it indicates where other manuscripts differ.
The New King James was originally going to translate the New Testament using the Majority Text. However, they reconsidered because it was to be a revision of a historical document, the King James Version. In the end they decided not to make any alterations on the basis of the Greek New Testament texts, but adhere to the readings presumed to underlie the King James Version - the Textus Receptus (Received Text).The revisers have also sought to follow the principles of translation used in the original King James Version, which the NKJV revisers call "complete equivalence" in contrast to "dynamic equivalence."
Many churches and evangelical groups have embraced the NKJV as an acceptable compromise between the original KJV and a Bible with more contemporary wording.
Bible Gateway.com provides information on NKJV and links to the text of each chapter.
The New King James Version: In the Great Tradition Book by Farstad promoting the NKJV translation.