A crack or hole that accidentally admits a gas or lets it escape.

Sailing with the tiller over to leeward by force of the wind

Heavy roll to leeward with a beam wind.

A shore that wind blows onto; it is best to stay well off a lee shore in a storm

The land to the leeward of the vessel (wind blows from the ship to the land).

Boards fixed vertically to a boat to prevent leeway

In sailboat racing, to disturb the wind of a windward boat by positioning your boat a bit ahead and to leeward. If done correctly, the disturbed air hitting the windward boat will slow it down, leaving it at a distinct disadvantage and causing it to tack ...

After or trailing edge of a sail; the after edge of a fore-and-aft sail and the outer edges of a square sail.

A line used to tighten the leech of a sail, helping to create proper sail shape.

Cloths hung on the lee side of a berth to keep one from rolling out of their bunk

The working portion of a cruise between ports. A long cruise may have many legs. The distance sailed on one tack. The course from one race mark to another.

Measured from the most forward part of the fore end to the most after part of the after end of the hull.

Also known as LTL or LCL.

The action of letting go the sheets of a sailing vessel, thus spilling the wind and reducing the forward motion of the boat.

A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time. Some of the specific descriptions a ...

A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three-party transaction.

A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.

An L/C guaranteed by both the issuing and advising banks of payment so long as seller's documents are in order, and the L/C terms are met. Only applied to irrevocable L/C's. The confirming bank assumes the credit risk of the issuing bank.

A letter of credit issued for the purchase and financing of merchandise, similar to acceptance-type letter of credit, except that it requires presentation of sight drafts payable on an installment basis.