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This is also a dressage move used in higher levels of competition. The passage is basically a very slow, animated trot. The horse will typically not move faster than a walk, and will hold each hoof in the air for a split second. Back in the military days, this would have been used for a parade and other formal showings. It's incredibly hard to imagine without a seeing it, but it is one of the more beautiful movements in dressage.

Note that in this case, it would be pronounced pa-sage with accent on the sage and a soft g sound.