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Wiktionary
daggerboard

n. (context nautical English) A retractable centreboard that slides out to act as a keel

WordNet
daggerboard

n. a removable centerboard on a small sailboat that can be lowered into the water to serve as a keel

Wikipedia
Daggerboard

A daggerboard is a retractable centreboard used by various sailing craft. While other types of centreboard may pivot to retract, a daggerboard slides in a casing. The shape of the daggerboard converts the forward motion into a windward lift, countering the leeward push of the sail. The theoretical centre of lateral resistance is on the trailing edge of the daggerboard.

Usage examples of "daggerboard".

A small skeg or fin protruded from below the stern for lateral control, while a daggerboard hung down near the middle to prevent the board from being swept sideways by the wind.

It was a single-masted racing shell with twin daggerboards, fast and lovely as it skimmed across the lake, but if you didn't handle it just right, it could capsize in a breath of wind.