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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Webster's Dictionary 1913
Webster's Revised Unabridged Dictionary, C. & G. Merriam Co., 1913.