Aboard one (in the America's Cup?) you could have a chat with a Yankee (5)
I believe the answer is:
yacht
'aboard one in the america's cup? you could have a' is the definition.
I can't tell whether this defines the answer.
'chat with a yankee' is the wordplay.
I cannot really understand how this works, but
an anagram of 'chat' is 'acht' which is within the answer.
'yankee' could be 'y' (phonetic alphabet: alpha, bravo, charlie etc.) and 'y' is located in the answer.
This accounts for all the letters.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for yacht that I've seen before include "Pleasure craft" , "Type of boat" , "Sailboat" , "Sailing-boat" , "Pleasure-boat" .)