OK...I know...this is probably a stupid question, but then again you know
the old saying about the only stupid question is the one that goes unasked,
so here goes.

I always assumed that the draft of a boat was...for lack of a better term,
how deep it ran in the water at the lowest point. I am purchasing a boat
right now, and the survey results listed the boat as having a DRAFT of 3
feet, but a DEPTH of 5 feet. I kinda assumed these were the same thing, but
obviously I was wrong.

I can only imagine now that the draft must be the how deep the hull runs and
the depth must be how deep the rudders / wheels etc. run.

Am I even close?

Thanks!