Meaning of raceabout in English:

raceabout

Pronunciation /ˈreɪsəbaʊt/

noun

historical US
  • A sloop-rigged racing yacht similar to a knockabout, but typically having a smaller keel and larger sail yards.

Origin

Late 19th century; earliest use found in Forest and Stream: a weekly journal of the rod and gun. From race + about, after knock-about.