race of diligenceglossary / RACE OF DILIGENCE race of diligence. Bankruptcy. A first-come, first-served disposition of assets. [Cases: Bankruptcy 3442. C.J.S. Bankruptcy §§ 351–352.] 词条贡献者 译员Nanda,毕业于英国顶尖的高级翻译学院,专注翻译各种与证券和消费者集体诉讼有关的法律文件。