Peter Martyr: grace as favour toward the elect, and as the gifts it gives
Thesis II. Peter Martyr says the same in his Commonplaces. The word grace, he writes, is used in two ways in holy scripture. First and chiefly it means God's goodwill toward people and the free favour with which he pursues the elect.
Then, because God endows his elect with outstanding gifts, grace sometimes also means the gifts that God bestows on us freely (class 3, locus 2, paragraph 7).
Latin
II. Et ita quoque Petrus Martyr in locis communibus, Nomen, inquit, gratiae in sacra scriptura bifariam accipitur. Primum quidem & praecipue significat Dei erga homines benevolentiam & gratuitum favorem quo prosequitur Electos. Deinde quia Deus Electos suos praeclaris donis afficit, gratia interdum significat ea etiam dona quae nobis a Deo gratis conferuntur. Classe 3. loco 2. paragr. 7.