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pennant

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(pen′ənt)

noun

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: < pennon, altered by assoc. with pendant

See pennant in American Heritage Dictionary 4

noun

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:

Origin: Blend of pendant¹

Origin: and pennon

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