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Roman Catechism
Meaning of the Word “Eucharist”
Wherefore sacred writers, seeing that it was not at all possible that they should manifest by one term the dignity and excellence of this admirable Sacrament, endeavoured to express it by many words.
For sometimes they call it Eucharist, which word we may render either by good grace, or by thanksgiving. And rightly, indeed, is it to be called good grace, as well because it first signifies eternal life, concerning which it has been written: The grace of God is eternal life; and also because it contains Christ the Lord, who is true grace and the fountain of all favours.
No less aptly do we interpret it thanksgiving; inasmuch as when we immolate this purest victim, we give daily unbounded thanks to God for all His kindnesses towards us, and above all for so excellent a gift of His grace, which He grants to us in this Sacrament. This same name, also, is fully in keeping with those things which we read were done by Christ the Lord at the institution of this mystery. For taking bread he brake it, and gave thanks. David also, when contemplating the greatness of this mystery, before he pronounced that song: He hath made a remembrance of his wonderful works, being a merciful and gracious Lord, he hath given food to them that fear him, thought that he should first make this act of thanksgiving: His work is praise and magnificence.