• (n.) A small sloop-rigged racing yacht carrying about six hundred square feet of sail, distinguished from a knockabout by having a short bowsprit. Found on http://thinkexist.com/dictionary/meaning/raceabout/
Race'a·bout` noun (Nautical) A small sloop-rigged racing yacht carrying about six hundred square feet of sail, distinguished from a knockabout by having a short bowsprit. Found on http://www.encyclo.co.uk/webster/R/2