John 1:17 " For the law was given by Moses, but grace and truth came by Jesus Christ"
A grace period is "a period of time after a deadline for an obligation, during which a late fee or other action that would have been taken as a result of failing to meet the deadline is waived”. In the world's system, after the grace period, payment is eventually due. In God's system, penalties and payment are completely waived, forever! According to John 1:17, that time is now. Because of the finished work on the cross, we are living in God’s “grace period” now and forever. We are no longer under the law, we are under grace. Our debt has been paid in full with the blood of Jesus.
We are in the greatest time in history, the "age of grace", where favor is given without working for it, without earning it. With "open doors" of great opportunity that we didn't even ask for. Jesus said it's a time when the free favors of the Lord profusely abound (Luke 4:19, AMPC), a flash flood of God's goodness immersing us in a life of fulfillment. On this Resurrection Sunday, give thanks to God for the "nearly too good to be true news", the Gospel of Jesus Christ, for living in God’s grace period now and forever.