A Pennant

1. A flag normally used by naval vessels to represent a special condition.
   1. The broad pennant flown by commodores.
   2. The church pennant indicating religious services are taking place aboard ship.
   3. The commissioning pennant flown on ceremonial occasions.
2. (sports) The winning of a competition, represented by a flag.
3. A rope or strap to which a purchase is hooked.
4. A sandstone between coal measures in parts of South Wales

Usage notes

Not to be confused with pedant (one overly concerned with correctness), nor with pendant (a piece of jewellery).