Source : Webster's Revised Unabridged Dictionary (1913)

Razee \Ra*zee"\, n. [F. vaisseau ras['e], fr. raser to rase, to
   cut down ships. See {Raze}, v. t., {Rase}, v. t.] (Naut.)
   An armed ship having her upper deck cut away, and thus
   reduced to the next inferior rate, as a seventy-four cut down
   to a frigate. --Totten.