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The Collaborative International Dictionary of English v.0.48:

Razee \Ra*zee"\, v. t. [imp. & p. p. Razeed (r[.a]*z[=e]d"); p. pr. & vb. n. Razeeing.] To cut down to a less number of decks, and thus to an inferior rate or class, as a ship; hence, to prune or abridge by cutting off or retrenching parts; as, to razee a book, or an article. [1913 Webster]