pennant
🇺🇸
/ˈpenənt/
🇬🇧
/ˈpenənt/
A long, narrow, pointed flag, often used on ships for signaling.
The captain ordered the crew to raise the pennant to signal the other ship.
A flag awarded to the winning team in a sports league, especially in baseball.
The team was thrilled to receive the pennant after their victory in the championship game.