2 [ban-uh-ret]
a small banner.
Also, bannerette.

1250–1300; Middle English banerett < Middle French banerete little banner. See banner, -ette Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
banneret (ˈbænərɪt, -əˌrɛt)
1.  Also called: knight banneret a knight who was entitled to command other knights and men-at-arms under his own banner
2.  a title of knighthood conferred by the king for valour on the battlefield
[C14: from Old French banerete a small banner]

bannerette or banneret (ˌbænəˈrɛt)
a small banner
[C13: from Old French baneret, from banerebanner]
banneret or banneret
[C13: from Old French baneret, from banerebanner]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

late 13c., an order of knighthood, originally in reference to one who could lead his men into battle under his own banner. Later it meant one who received rank for valiant deeds done in the king's presence in battle.
Online Etymology Dictionary, © 2010 Douglas Harper
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