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raceabout

From The Collaborative International Dictionary of English v.0.48:

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.]

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