- pace pace [peɪs] noun [singular]1. the rate or speed at which something happens:
• The average price of a new car began to soar at a faster pace than household incomes.2. keep pace (with) to change at the same rate as someone or something else:
• Next year's spending may not even keep pace with inflation.
• Demand continues to keep pace, with shipments rising about 2.5%.3. set the pace to establish the speed at which your competitors try to do something, or the standard of quality they try to achieve:
• It continues to set the pace for all other local shopping complexes.
* * *Ⅰ.pace UK US /peɪs/ noun [C or U]► the speed at which something happens or is done: »
a fast/rapid pace»
a slow/leisurely/sustainable pace»
Their economy is expanding at an increasing pace.»
They are struggling to keep up with the pace of change in the industry.● force the pace — Cf. force the pace● keep pace with sb/sth — Cf. keep pace with sth● pick up/gather pace — Cf. pick up/gather pace● put sb/sth through their paces — Cf. put sth through their paces● set the pace — Cf. set the paceⅡ.pace UK US /peɪs/ verb [T]● pace yourself — Cf. pace yourself
Financial and business terms. 2012.