n.
    - a 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.
 - N. Amer. a flag denoting a sports championship or identifying a team, club, etc.
 - another term for pendant (in sense 4).
 
 
  Etymology
  C17: blend of pendant and pennon.