pennant >> /ˈpɛnənt/
Definition: [noun] A tapering flag on a ship, especially one flown at the masthead of a vessel in commission.
Example: A typical Fourth of July in New York City began with the roar of cannons and the unfurling of flags, pennants, and streamers from the masts of hundreds of ships around the harbor.
Definition: [noun] A flag denoting a sports championship or other achievement.
Example: the Dodgers won six pennants during his career
Definition: [noun] A short rope hanging from the head of a ship's mast; a pendant.