See CFS.

A US government-owned corporation established in 1933 to support prices through purchases of excess.

Achieved when the air compressor is running at full RPM with a fully opened inlet and discharge, delivering the maximum volume at the rated pressure.

The world's largest exchange for futures contracts, in terms of the number of contracts traded.

The details of insurance provided by an insurance company to a policyholder.

Heavy canvas used as a covering.

A rope sewn into the luff or foot of a sail for use in attaching to the mast or boom.

An approach by a salesperson to a prospect (prospective buyer) either by telephone or in person.

A mortgage which guarantees the interest rate charged will remain a set number of percentage points.

The highest unlicensed rating in the deck department who has immediate charge of all deck hands and who in turn comes under the direct orders of the master or chief mate or mate.

A board that can be raised and lowered by pivoting in a watertight box called the trunk or well to increase the draft and lateral area of the hull, preventing the boat from sliding sideways. Unlike a daggerboard, which lifts vertically, a centerboard pivo ...

A distress call made by a vessel requiring assistance. These three letters were chosen because they were easy to make and read using Morse Code. Some believe the letters meant "Save Our Ship" or "Save Our Souls".

An old naval saying to indicate those young men who, through birth or connection, were able to enter the Royal Navy without examination. Their subsequent promotion was assured.

In sailboat racing, to take to opposite tack of the rest of the fleet when behind, hoping that the wind will shift to your benefit.

The line of longitude 180 degrees opposite Greenwich, England, located in the Pacific that marks the date change

The senior engineer officer responsible for the satisfactory working and upkeep of the main and auxiliary machinery and boiler plant on board ship.

Short lengths of line attached to the sail used to tie the extra sail out of the way when reefing.

PSI - Pounds per square inch.

A formal notice to the writer of an option from a clearing house that an option has been exercised.

The renting of a boat