What is this thing called "Grace"?

I believe "grace" is one of the overused words in Christian jargon. Many Christians that I come in contact with, do not really know its meaning although it is used very often to describe their walk with God. ;)

Some of you might know that, the Blessed Virgin Mary was called "full of grace" when Gabriel (one of the archangels) paid her a visit. Some Bible translation, uses "favoured one" instead of the above. Either way, it means the same. Grace means favour. What's more it is a gift only from God.

If Grace = Favour. Therefore the classic hymn Amazing Grace by John Newton means Amazing Favour! What was this favour that God did for John Newton that he dared call it "amazing"? The answer lies in John 3:16:

"For God so loved the world that he gave his only Son,
so that everyone who believes in him will not perish but have eternal life."

Jesus came to give His life as a ransom for many. A ransom for the debt of our sins. He favours us so much that He is willing to save us through His death. So that those who believe in Him will enjoy eternity with Him in heaven.

Amazing grace! How sweet the sound
That saved a wretch like me.
I once was lost, but now am found,
Was blind, but now I see.
~ John Newton (1725-1807) ~