In theological terms there are two types of grace: common grace and saving grace. Common grace is the favor that God gives to all people. Generally, it is manifested in the way God takes care of all people by providing for them sunshine, rain, shelter, food, government, laws, general health, etc. Common grace extends to every human alive.
On the other hand, saving grace is that favor from God expressed upon those whom He has chosen. This expression of grace results in salvation; hence we have such verses as:
Ephesians 1:11 In him we were also chosen, having been predestined according to the plan of him who works out everything in conformity with the purpose of his will."