Everything is a series of compromises. Depends on wants/needs/whims/etc..
To me this where cars generally fall
Race car, almost zero drivability compromises.
Street legal Race car, can it survive a 15 min trip around town.
Street Strip, racing still primary function but can handle general street driving without much concern.
Street Machine, Max acceleration still has a great importance but you could jump in the drive long distance without too much worry.
Hot Street, where streetability is max concern with decent performance.
Street, zero to very little care for performance.
Obviously you could do things like take a stock /6 car and use it only on the track and call it a race only car etc..