The term 'RACING PACE' can be broken down into two words, 'RACING' and 'PACE'. The word 'RACING' is defined as a competitive activity in which participants compete against each other to reach a certain goal. The word 'PACE' is defined as the rate at which something moves or progresses. Together, the term 'RACING PACE' refers to the speed at which a race is run. The crossword solution for this term is 'TROT', which is a type of gait in which a horse moves its legs in diagonal pairs. Trotting is a popular gait used in RACING, as it allows horses to maintain a consistent speed over long distances.