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grace2 [transitive]
1 to bring honour to an occasion or group of people by coming to something - said humorously when someone comes late or does not often come to meetings etc :
Ah so you've decided to grace us with your presence!
grace something/somebody with your presence
Ah so you've decided to grace us with your presence!2 formal to make a place or an object look more attractive :
His portrait graces the wall of the drawing room.
His portrait graces the wall of the drawing room.