Sentence:  Freshers' <WSD>fayre</WSD> takes place during the first few days and is usually found in one of the central campus buildings where the students' union has its home. This involves stalls of all the university clubs and societies that you can wander around at your leisure. There tends to be a diverse number of clubs nb.... Representatives from companies such as banks, pubs, restaurants and nightclubs also attend these first few days. 
Meaning of the word marked with <WSD> tags:  A fair, a market.