The German given times for race (5)
I believe the answer is:
derby
'for race' is the definition.
(I've seen this before)
'the german given times' is the wordplay.
'the german' becomes 'der' ('the' in German).
'given' is a charade indicator (letters next to each other).
'times' becomes 'by' (both can mean 'multiplied by').
'der'+'by'='DERBY'
(Other definitions for derby that I've seen before include "Canadian bowler" , "China" , "Match between neighbouring teams" , "American bowler" , "Racing classic" .)