The term 'Palomino Pace' refers to a type of horse gait, specifically the TROT. The TROT is a two-beat diagonal gait in which the horse's legs move in diagonal pairs, with the front right and hind left legs moving together, followed by the front left and hind right legs. It is a smooth gait that is comfortable for the rider and can be used for long distances. The Palomino Pace is a variation of the TROT, where the horse moves at a faster pace and with more energy. This gait is often seen in show horses and is used to demonstrate the horse's agility and speed.