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A yacht, from Dutch Jacht meaning "hunt", pronounced [iat] (ya't), was originally defined as a light, fast sailing vessel used by the Dutch navy to pursue pirates and other transgressors around and into the shallow waters of the Low Countries. After its selection by Charles II of England as the vessel of choice to return to Britain from the Netherlands for his restoration, it came to be used to convey important persons. Later, the word came to designate a wider range of vessels, almost always in private use (i.e., not used for commercial carriage of cargo or passengers), propelled by sail, power, or both, and used for pleasure cruising or racing. Often, powered yachts are referred to as motor yachts, to differentiate them from yachts with sail propulsion. Large yachts are, of course, the ultimate luxury yachting experience.

In modern use, the term yacht applies to two rather different classes of sea vessels, sailing yachts and power yachts. Traditionally, yachts were differentiated from working ships mainly by purpose—yachts were swift and comfortable conveyances of the wealthy and powerful. It was not until the ascendancy of the steamboat and other types of powerboat that sailing vessels came to be seen as luxury items. Modern use of the term applies to nearly all sailing vessels, other than sailing dinghies, that are used for yacht racing or for pleasure cruising.