the GNU version of the Collaborative International Dictionary of English
n. A small sloop-rigged racing yacht carrying about six hundred square feet of sail, distinguished from a knockabout by having a short bowsprit.
The Century Dictionary and Cyclopedia
n. A sloop-yacht with a jib, the jib-stay being fastened to a bowsprit.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. a small sloop having the keep of a knockabout but with finer lines and carrying more sail
Word Usage
"The car began its life as a sporty, two-seat "raceabout" and later was converted by Edgar Huselton into a longer four-door, seven-passenger touring car."