Banneret, a feudal title of military dignity, now extinct, ranking between the baron and the knight. The banneret was the lowest of the feudal dignitaries. He displayed a square banner on his lance, instead of the swallow-tailed pennon of the simple knight, and commanded a body of his own vassals, who should number at least 50. The title was usually conferred on the field by the king in person, as a reward for gallantry, and the ceremony consisted in cutting off the tails of the candidate's pennon. The title of knight banneret, a degree higher than the bachelor, appears in the time of Philip Augustus, and lasted until the creation of companies of ordnance by Charles VII. The first banneret in England, according to Froissart, was created by Edward I. After the institution of baronets by James I. the order dwindled away, and the last creation in England is generally accounted to have been by Charles I., who made Capt. John Smith a banneret for rescuing the royal banner at Edgehill; though George III. attempted to revive the dignity in 1797, when he conferred it upon Capt. Sir Henry Trollope, in whose ship he reviewed the fleet at the Nore.