me·dal·lion

[muh-dal-yuhn]
noun
1.
a large medal.
2.
anything resembling a medal in form, used as an ornament, in a design, etc.
3.
a permit issued by a governmental agency to operate a taxicab, usually represented by a small metal identification disk displayed on the taxi.
4.
Architecture.
a.
a tablet, usually rounded, often bearing objects represented in relief.
b.
a member in a decorative design resembling a panel.

Origin:
1650–60; < French médaillon < Italian medaglione, augmentative of medaglia medal

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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00:10
Medallion is always a great word to know.
So is flibbertigibbet. Does it mean:
a chattering or flighty, light-headed person.
a stew of meat, vegetables, potatoes, etc.
Collins
World English Dictionary
medallion (mɪˈdæljən) [Click for IPA pronunciation guide]
 
n
1.  a large medal
2.  an oval or circular decorative device resembling a medal, usually bearing a portrait or relief moulding, used in architecture and textile design
 
[C17: from French, from Italian medaglione, from medagliamedal]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

medallion
1658, from Fr. médaillon, from It. medaglione "large medal," augmentative of medaglia (see medal).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The marble floor with an intricate wooden medallion in the middle.
At each place setting was a commemorative bronze medallion wrapped in white
  paper and pink ribbon.
Around her neck, she wears a tiny medallion bearing the picture of her powerful
  father.
Get information about yellow taxi medallion sales.
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