Definitions for "Centerboard"
A retractable or sliding keel used on sailboats, formed of a broad board or slab of wood or metal which may be raised into a water-tight case amidships, when in shallow water, or may be lowered to increase the area of lateral resistance and prevent drifting to leeward when the vessel is beating to windward. It is used in vessels of all sizes along the coast of the United States
or Centreplate: A retractable fin projecting through a boat's bottom to provide resistance to leeway when sailing into or across the wind.
A device similar to a keel, except that it is usually either removable or can pivot. Also see daggerboard. The centerboard is used like a keel to reduce the unwanted sideways motion of a boat.