Knight ban·ner·et pl. Knights bannerets. A knight who carried a banner, who possessed fiefs to a greater amount than the knight bachelor, and who was obliged to serve in war with a greater number of attendants. The dignity was sometimes conferred by the sovereign in person on the field of battle.
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  knight banneret
       n : a knight honored for valor; entitled to display a square
           banner and to hold higher command [syn: knight of the
           square flag, banneret]