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raceway (n.)

1828, "artificial passage for water flowing from a fall or dam," from race (n.3) + way (n.). Meaning "automobile race course" is by 1936, from race (n.1).

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Definitions of raceway

raceway (n.)
a canal for a current of water;
Synonyms: race
raceway (n.)
a course over which races are run;
Synonyms: racetrack / racecourse / track
From wordnet.princeton.edu