[Steven Scharf]

A yacht (/jɒt/) is a sailing or power vessel used for pleasure, cruising, or racing. There is no standard definition, though the term generally applies to vessels with a cabin intended for overnight use.

[The Duke]

I had a friend in college whose family did a lot of sailing. I referred to their 32-foot sailboat a "yacht" one day and he corrected me. He said the difference between a yacht and a boat is that a yacht has a dishwasher.

I think he lives on his own yacht these days.