As verbs the difference between razee and razes
is that
razee is (nautical) to cut (a ship) down to a smaller number of decks, and thus to an inferior rate or class while
razes is (
raze).
As a noun razee
is (nautical) an armed ship with its upper deck cut away, and thus reduced to the next inferior rate, such as a seventy-four cut down to a frigate.