Webster's Revised Unabridged Dictionary · 1913

Balefire

Balefire (bāl"fīr) , noun

[Anglo-Saxon balfȳr the fire of the funeral pile; bal fire, flame (akin to Icelandic bāl, OSlav. bēlu, white, Greek falo`s bright, white, Sanskrit bhāla brightness) + fȳr, English fire.]

A signal fire; an alarm fire.
Sweet Teviot! on thy silver tide The glaring balefires blaze no more. — Sir W. Scott