/ Dictionary / Index A allowance race: Meaning and Definition of Find definitions for: allow'ance race" Pronunciation: [key] — Horse Racing. Horse Racing. a race in which each horse is assigned a specified weight according to age, record of past performance, sex, etc. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. allowance Alloway Related Content Daily Word Quiz: impetuous Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language