"For by grace are ye saved through faith; and that not of yourselves;  it is the gift of God."    Ephesians 2:8

Grace is the love and mercy of God in action.  Mercy is negative, and love is positive; both together mean grace.  To show mercy in love is grace.  God showed mercy in love when He sent His Son to bear our sins in His own body on the cross  (John 3:16).

1. The grace of God saves forever  (Romans 8:38,39).
2. The grace of God is unconditional; that is, we are not saved on the condition that we "hold out unto the end" or that we "fail not" or that we "do our best."  We are saved by the grace of God, apart from works.
3. The grace of God is sufficient  (II Corinthians 12:9).
4. The grace of God makes no discrimination  (Revelation 22:17).
5. The grace of God justifies  (Romans 3:23.24).
6. The grace of God makes every believer an heir  (Titus 3:7).
7. The grace of God teaches the believer how to live  (Titus 2:11,12).

The grace of God is nothing less than the unlimited love of God expressed in the gift of His Son, our Savior.  It is the undeserved love of God toward sinners.

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The Open Bible, Thomas Nelson, Publishers