pennant

 
Pronunciation: /ˈpɛnənt/

noun

  • 1a tapering flag on a ship, especially one flown at the masthead of a vessel in commission.
  • a long triangular or swallow-tailed flag, especially as the military ensign of lancer regiments.
  • North American a flag denoting a sports championship or identifying a team.
  • 2 Nautical a short rope hanging from the head of a ship’s mast; a pendant.

Origin:

early 17th century: blend of pendant and pennon