racewayPronunciation: /ˈreɪsweɪ/Definition of raceway noun chiefly North American 1a water channel, especially an artificial one of running water in which fish are reared. a groove or race in which bearings run. a pipe or tubing enclosing electric wires. 2a track for trotting, pacing, or harness racing. a track for motor racing. raceway in other Oxford dictionaries Definition of raceway in the US English dictionary