A narrow passage or lane that leads to a booth or market stall; also, a historical term for an alley in a town where booths or market stalls are located.
'Booth' + 'hale' (an Old English word for a hall or nook). A compound describing the small passages between market structures in medieval towns.
This word is almost completely archaic, surviving only in place names and historical documents of medieval market towns. It's a ghost word—describing infrastructure that no longer exists.
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