Pennant

Part of speech: noun (n.)

1. A small flag; a pennon. The narrow, or long, pennant (called also whip or coach whip) is a long, narrow piece of bunting, carried at the masthead of a government vessel in commission. The board pennant is an oblong, nearly square flag, carried at the masthead of a commodore's vessel. "With flags and pennants trimmed." Drayton.

2. A rope or strap to which a purchase is hooked.