For Racing Sailboats we have a term and definition in Boats.

Span a wide variety of possibilities from high-performance dinghies with spinnakers and trapezes to a newer crop of offshore one-design classes, ranging from 30 to 70 ft. These performance-oriented boats trade off weight and luxury for speed and maneuverability, and are generally more spartan below decks with utility berths, head and galley equipment available over 22 ft. (Not Trailerable; 1-8 people)
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