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 法律翻译李黎,毕业于欧洲顶尖的高级翻译学院,专注翻译各类与福利、薪酬及雇佣有关的法律文件。