A pendant is a hanging object, an ornament of some kind: "Priscilla fastened a gold pendant on her collar." Pendent is an adjective meaning "suspended," "hanging down," "dangling": "The tapestry pendent from the balcony was richly designed." A pennant is a small flag or emblem: "This pennant symbolizes the team's championship season."
Dictionary of problem words and expressions. Harry Shaw. 1975.