Privateer

A privateer is a private person or ship authorized by a government by letters of marque to attack foreign shipping during wartime. Privateering was a way of mobilizing armed ships and sailors without having to spend public money or commit naval officers. They were of great benefit to a smaller naval power or one facing an enemy dependent on trade: they disrupted commerce and pressured the enemy to deploy warships to protect merchant trade against commerce raiders. The cost was borne by investors hoping to profit from prize money earned from captured cargo and vessels. The proceeds would be distributed among the privateer's investors, officers, and crew. It has been argued that privateering was a less destructive and wasteful form of warfare, because the goal was to capture ships rather than to sink them.