pennant
noun
[ ˈpɛnənt ]
• a tapering flag on a ship, especially one flown at the masthead of a vessel in commission.
• a flag denoting a sports championship or other achievement.
• "the Dodgers won six pennants during his career"
• a short rope hanging from the head of a ship's mast; a pendant.
Origin:
early 17th century: blend of pendant and pennon.