Noun:
* Definition: A state of elegance or beauty; a gift of God's favor; a period of time allowed for payment.
* Examples:
* She moved with grace and ease.
* He was granted a grace period to pay his taxes.
* The Lord's grace is sufficient for us.
Verb:
* Definition: To honor or make more beautiful; to adorn.
* Examples:
* The flowers graced the table.
* The city was graced with the presence of the Queen.
It's important to pay attention to the context to determine which part of speech "grace" is acting as.