1. a long, narrow flag or streamer, especially one carried in a procession or displayed on a building
Usage: also spelled 'banderole'; often decorative or ceremonial
2. a ribbon or scroll bearing an inscription or motto, especially in heraldry or on monuments
Usage: heraldic or architectural context

Examples

• The parade featured colorful bannerols waving in the breeze.
• Medieval knights carried bannerols displaying their family crests.
• A bannerol with the company's motto hung above the entrance.
• The church displayed a golden bannerol during the festival.
• Heraldic bannerols often contained Latin inscriptions.
• The monument was decorated with stone bannerols carved with names.