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TeachMeFinance.com - explain decoy ship decoy ship 'decoy ship' is an military term meaning '(DOD,NATO) A ship camouflaged as a noncombatant ship with its armament and other fighting equipment hidden and with special provisions for unmasking its weapons quickly. Also called Q-ship'. Previous 5 Terms: decompression_ decompression chamber _ decontamination- decontamination station - decoy Next 5 Terms: deep fording capability_ deep minefield _ defended asset list- defense area - defense coordinating element Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.