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The Collaborative International Dictionary of English v.0.48:

Privateering \Pri`va*teer"ing\, n.
   Cruising in a privateer.
   [1913 Webster]


The Collaborative International Dictionary of English v.0.48:

Privateer \Pri`va*teer"\, v. i. [imp. & p. p. Privateered
   (pr[imac]`v[.a]*t[=e]rd"); p. pr. & vb. n. Privateering.]
   To cruise in a privateer.
   [1913 Webster]