from The Century Dictionary.
- noun A ship of war cut down to a smaller size by reducing the number of decks.
- To cut down or reduce to a lower class, as a ship; hence, to lessen or abridge by cutting out parts: as, to
razeea book or an article.
from the GNU version of the Collaborative International Dictionary of English.
- noun (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.
- transitive verb To cut down to a less number of decks, and thus to an inferior rate or class, as a ship; hence, to prune or abridge by cutting off or retrenching parts.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun nautical An
armed shipwith its upper deckcut away, and thus reduced to the next inferior rate, such as a seventy-fourcut down to a frigate.
- verb nautical To cut (a ship) down to a smaller number of decks, and thus to an inferior rate or class.
- verb figuratively To
trimor abridgeby cutting off parts.
from Wiktionary, Creative Commons Attribution/Share-Alike License
 A razee is a ship cut down, and reduced from her original rate.
The bark's crew fired small coal from the galley, and the dories threatened to come aboard and "razee" her.
As Mr. F razee has suggested, traded computer services are a logical and important place to start.
At the same time, Roland F razee, Chairman of the Royal Bank of Canada, suggested that we try for an agreement on something he called "traded computer services."
"We'll bring him back, boys, if we have ter go ter Virginny City an 'razee the town," said Missoo.
Holding their glasses in their hands, Mr. J commenced to tell an anecdote, but the suspense becoming too great, the Colonel appealed to him to jump over the bars, and not wait to pull them down, in other words to razee his story so as to proceed with their drinking, which would serve to whet their appetites for the good dinner awaiting their presence.
The next morning, Decatur discovered the British squadron in pursuit, consisting of the Majestic razee, the Endymion, Tenedos, and Pomona frigates and a brig.
As a matter of fact the Confederate navy never had but one real man-of-war, the famous _Merrimac_; and she was a mere razee, cut down for a special purpose, and too feebly engined to keep the sea.
The North Atlantic squadron is at Hampton Roads, except the frigate Congress and the razee Cumberland; they are anchored at Newport News, blockading the James River and Norfolk.
He tackled me the day we came in: sort of a razee of poor old humanity -- jury clothes -- full new suit of pimples: knew him at once from your description.