Grace

Root Word
χάρις

Grace is favour given without regard to merit—a gift that is unearned and transaction-free. This favour is bestowed based on the nature of the giver and the pre-existing relationship between the giver and the receiver.

Grace is not an object, it is the nature/character of the one who is extending a hand in order that we might receive it. 

If grace is an object, then it becomes the thing that saves, and not Christ.

Old Testament

Jonah 4:2 And he prayed to the Lord, and said, I prayed to you, O Lord, didn't I say this, when I was in my country? Therefore I fled before to Tarshish (Spain): for I knew that you are a gracious God, and merciful, slow to anger, and of great kindness, you are slow in bringing judgement.

New Testament

Ephesians 2:8 For by grace you are saved through faith; and not of yourselves: it is the gift of God: 9 Not of works, lest any man should boast.