IPA: /ˈreɪsweɪ/
KK: /ˈreɪsweɪ/
A place or track designed for racing activities, such as car or horse racing, or a tube that protects electrical wires.
The new raceway was built to host the annual car racing championship.
Raceway → It is formed from "race" (from Old French *racier*, meaning to run or compete) and "way" (from Old English *weg*, meaning a path or road). The word "raceway" refers to a path or track designed for racing or competition.
Think of a 'path' ('way') where people 'run' ('race') — that's what a raceway is.