Meanings
a race around something
round-the-table ping-pong (game with more than two players, where each player after making their strike must run to the other side of table and those who fail to return the ball are eliminated)
a maneuver where a piece is moved around another one
an act of moving a piece around (i.e. not back and forth) repeatedly and ending up on a square already visited
the way a revolving part (especially a tire) behaves, especially with respect to deviation in height (more accurately: deviation in projected radius on the plane that is perpendicular to the rotational axis)
guten Rundlauf habento have little runout