a band of decorative fabric worn around the neck, under the collar, and tied in front to hang down the front of a shirt or to form a small bow.
any band, scarf, or tie fastened at the front of the neck.
Slang. a hangman's rope.

1830–40; neck + tie

necktieless, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
necktie (ˈnɛkˌtaɪ)
the US name for tie

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

1838, from neck (n.) + tie (n.). Amer.Eng. slang necktie party "a lynching" is recorded from 1871.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
His necktie was drawn into a loose know, or hung free, with serpentine ends
  coiled away somewhere in his clothing.
He does not deny himself the pleasure of a gaudy necktie now and then.
He had a red necktie and waistcoat, and a couple of his teeth were missing.
Cutler's necktie and pocket handkerchief often match.
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