Webster's English Dictionary

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derby

der.by \'d*r-be-, esp Brit 'da:r-\ n [Edward Stanley -1834, 12th earl of 
   Derby] cap  1a: a race for three-year-old horses instituted in 1780 and run 
   annually at  Epsom Downs, England 1b: any of several horse races held 
   annually and usu. restricted to three-y ear-olds 2: a race or contest open 
   to all comers  3: a man's stiff felt hat with dome-shaped crown and narrow 
   brim