Definition of bannerets:
(n) :
A small banner.
(n) :
A civil officer in some Swiss cantons.
(n) :
(military, historical) A proposed but unadopted senior commissioned rank of the Royal Air Force equivalent to group captain.
(n) :
(law, historical) Clipping of knight banneret, a knight entitled to subinfeudate his estate and to lead men in battle under his own banner. [(law, historical) A knight entitled to subinfeudate his estate and to lead troops under his own banner.]