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a. A piece of cloth attached to a staff and used as a standard by a monarch, military commander, or knight.
b. The flag of a nation, state, or army.
2. A piece of cloth bearing a motto or legend, as of a club.
a. A headline spanning the width of a newspaper page.
b. A rectangular space with text or graphics, especially an advertisement, running across the top of a webpage or other online document.
4. Botany See standard.
Unusually good; outstanding: a banner year for the company.
tr.v. ban·nered, ban·ner·ing, ban·ners
1. To supply with banners.
2. To give a banner headline to (a story or item) in a newspaper.

[Middle English banere, from Old French baniere, from Vulgar Latin *bandāria, from Late Latin bandum, of Germanic origin; see bhā- in Indo-European roots.]
References in classic literature ?
But soon the fore part of him slowly rose from the water; for an instant his whole marbleized body formed a high arch, like Virginia's Natural Bridge, and warningly waving his bannered flukes in the air, the grand god revealed himself, sounded, and went out of sight.
The perspective of one of these narrow cracks of streets, with its rows of tall houses stretching away till they come together in the distance like railway tracks; its clothes-lines crossing over at all altitudes and waving their bannered raggedness over the swarms of people below; and the white-dressed women perched in balcony railings all the way from the pavement up to the heavens--a perspective like that is really worth going into Neapolitan details to see.