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What is meant by being ‘saved by grace’?

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'Saved by grace' means that salvation is a gift from God, given freely to those who believe, without any merit on their part.

Being ‘saved by grace’ encapsulates the core of the Christian faith; it signifies that salvation is a divine gift rather than a human achievement. In Acts 15, Peter underscores this concept by stating that both Jews and Gentiles are saved through the grace of the Lord Jesus Christ, indicating that no one can earn salvation through adherence to the law or any works. This understanding is powerful in sovereign grace theology, which emphasizes that it is God's choice and initiative in saving individuals based on His mercy and not our efforts. This is reflected in Ephesians 2:8-9, where Paul poignantly communicates that we are saved by grace through faith, ensuring that all glory goes to God, who acts for His own purposes.
Scripture References: Acts 15:11, Ephesians 2:8-9

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