2 definitions found From The Collaborative International Dictionary of English v.0.48 [gcide]: Raceabout \Race"a*bout`\ (r[=a]s"[.a]*bout`), n. (Naut.) A small sloop-rigged racing yacht carrying about six hundred square feet of sail, distinguished from a knockabout by having a short bowsprit. [Webster 1913 Suppl.] From WordNet (r) 2.0 [wn]: raceabout n : a small sloop having the keep of a knockabout but with finer lines and carrying more sail
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