car·a·vel or car·a·velle (kār'ə-věl') n.
Nautical Any of several types of small, light sailing ships, especially one with two or three masts and lateen sails used by the Spanish and Portuguese in the 15th and 16th centuries.
[French caravelle, from Old French, from Old Portuguese caravela, diminutive of cáravo, ship, from Late Latin cārabus, a small wicker boat, from Late Greek kārabos, light ship, from Greek, horned beetle.]