Veð-hlaup

Meaning of Old Norse word "veð-hlaup"

As defined by the Cleasby & Vigfusson Old Norse to English dictionary:

veð-hlaup

n. [Dan. væddelöb], running a race, (mod.)

Possible runic inscription in Younger Futhark:ᚢᛁᚦ-ᚼᛚᛅᚢᛒ
Younger Futhark runes were used from 8th to 12th centuries in Scandinavia and their overseas settlements