race-way

raceway

[reys-wey]
noun
1.
Chiefly British. a passage or channel for water, as a millrace.
2.
a racetrack on which harness races are held.
3.
Electricity. a channel for protecting and holding electrical wires and cables, especially a metal rectangular tube used for such purposes.
4.
Machinery, race1 ( def 11 ).

Origin:
1820–30; race1 + way1

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Collins
World English Dictionary
raceway (ˈreɪsˌweɪ)
 
n
1.  another word for race
2.  a racetrack, esp one for banger racing
3.  another word (esp US) for race

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