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steeve 1

 (stēv) Nautical
A spar or derrick with a block at one end, used for stowing cargo.
tr.v. steeved, steev·ing, steeves
To stow or pack (cargo) in the hold of a ship.

[From Middle English steven, to stow, probably from Old Spanish estibar, to steeve, or from Old Catalan stivar, both from Latin stīpāre.]

steeve 2

 (stēv) Nautical
The angle formed by the bowsprit and the horizon or the keel.
v. steeved, steev·ing, steeves
To incline (a bowsprit) upward at an angle with the horizon or the keel.
To have an upward inclination. Used of a bowsprit.

[Origin unknown.]