A yacht is a recreational boat. It designates two rather different classes of watercraft, sailing and power yachts. Yachts are differentiated from working ships mainly by their leisure purpose. It was not until the rise of the steamboat and other types of powerboat that sailing vessels in general came to be perceived as luxury items. However, since the level of luxury on larger yachts has seen an increasing trend, the use of the word yacht to mean any sailing vessel has been diminishing and is more and more limited to racing yachts or cruising yachts.

Yacht lengths generally range from 40 feet (13 m) up to hundreds of feet. Luxury crafts smaller than 40 feet are more commonly called "cabin cruisers" or simply "cruisers." A mega yacht generally refers to any yacht (sail or power) above 100 ft (34 m) and a super yacht generally refers to any yacht over 200 ft (70 m). This size is small in relation to typical cruise liners and oil tankers.