Grace, Mercy, & Peace

2 John vs. 3 “Grace be with you, mercy, and peace, from God the Father, and from the Lord Jesus Christ, the son of the Father, in truth and love.
Do you know what the difference is between grace and mercy?
Grace is receiving that which you do not deserve.
Mercy is not receiving that which you do deserve.
These two are opposites but they work together in harmony. And when they are allowed to work together God’s way the result is His peace (rest, the tranquil state of a soul assured of it’s salvation through Jesus). They are not allowed to work fully together when we are off wandering in sin. Our return to Jesus in confession of our sin brings both of these marvellous attributes to work for us (1 John 1:9).
These three words (Grace, Mercy, & Peace) are found together in a single verse a total of 4 times. Once in 1 Timothy, 2 Timothy, Titus, and here. The first 3 times are in letters written to individuals. This last time is somewhat different. John is writing to a lady (v1) so these attributes are for individuals to apply. Verse 1 also says to her children so all three of these attributes apply to our entire family. Also it is widely held that the Apostle John was writing to a specific church and as such these three are available to all.
The source of Grace, Mercy, & Peace is God our Father and that they come to us through Jesus Christ in His truth and love.
They are there for us, if we will only claim them.

Reference:
Brown-Driver-Briggs dictionary

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