The girl's name Grace is pronounced grayce. It is of Latin origin, and its meaning is "favor; blessing". A virtue name referring to God's grace. Greek mythology: The Three Graces were goddesses of nature: Aglaia (brillance), Thalia (flowering), and Euphrosyne (joy). Grace is a very popular female first name and a very popular surname (source: 1990 U.S. Census). Visit Grace name Details and You can also view its Popularity Chart and compare with other names.