Yacht/jɑːt/ Definition 1 of 2Pro Tip 1/3Wealth Association A yacht often suggests luxury and wealth as it is usually an expensive vessel. Celebrities and billionaires enjoy throwing parties on their yachts. Pro Tip 2/3Sports and Leisure Yachts are associated with leisure activities or sports like yacht racing. The yacht race attracted sailors from all around the world. Pro Tip 3/3Size Matters Yachts vary in size, but they are generally larger than ordinary boats. They decided to rent a mid-sized yacht for their vacation.