The Collaborative International Dictionary of English v.0.48:

Banderole \Band"e*role\, Bandrol \Band"rol\, n. [F. banderole,
   dim. of bandi[`e]re, banni[`e]re, banner; cf. It. banderuola
   a little banner. See Banner.]
   A little banner, flag, or streamer. [Written also
   bannerol.]
   [1913 Webster]

         From the extremity of which fluttered a small banderole
         or streamer bearing a cross.             --Sir W.
                                                  Scott.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Bannerol \Ban"ner*ol\, n.
   A banderole; esp. a banner displayed at a funeral procession
   and set over the tomb. See Banderole.
   [1913 Webster]