waterline
noun
                                                                                                                            
                                                            wa·ter·line
                    
                                                                                                              
                                                                                                                                  ˈwȯ-tər-ˌlīn  
                                                                                                                              
            ˈwä-
                                                      
                                                          
                                
              
          
                                                      : a line that marks the level of the surface of water on something: such as                                      
                
                    
        a(1)
    
                
                                          
              
          
                                                      : the point on the hull of a ship or boat to which the water rises                                      
                
                    
        (2)
    
          
                                          
              
          
                                                      : a line marked on the outside of a ship that corresponds with the water's surface when the ship is afloat on an even keel under specified conditions of loading                                      
                
                    
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  Merriam-Webster unabridged




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