- any long, narrow, usually triangular flag, as used in naval signal hoists, for a school banner, etc.
- any such flag symbolizing a championship, esp. in baseball
Origin of pennant; from pennon, altered by associated, association with pendant
- Nautical A long, tapering, usually triangular flag, used on ships for signaling or identification.
- A flag or an emblem similar in shape to a ship's pennant.
- Sports a. A flag that symbolizes the championship of a league, especially a professional baseball league.b. The championship symbolized by such a flag.
Origin of pennantBlend of pendant1 and pennon.
- A flag normally used by naval vessels to represent a special condition.
- The broad pennant flown by commodores.
- The church pennant indicating religious services are taking place aboard ship.
- The commissioning pennant flown on ceremonial occasions.
- (sports) The winning of a competition, represented by a flag.
- The New York Yankees have won the American League pennant far more often than any other team.
- A rope or strap to which a purchase is hooked.
pennant - Investment & Finance Definition
A term used in technical analysis to refer to a pattern created by price movements. When the price points are connected, the pattern looks like a pennant. Pennants are created by a sharp initial move upwards or downwards, followed by a limited trading range, which creates a shape like a pennant after the upward and downward trendlines merge. Usually these are short-lived patterns lasting only a few weeks.