Banderole
Banderole. A ribbon symbolic of a narrow flag or streamer which contains an inscription; or such a blank device appearing on a medallic item before the lettering is later engraved or inscribed. The area of the banderole to be inscribed is called the reserve. An exceptional medallic design of a banderole is under the entry on cartouche (which see).
excerpted with permission from
An Encyclopedia of Coin and Medal Technology
For Artists, Makers, Collectors and Curators
COMPILED AND WRITTEN BY D. WAYNE JOHNSON
Roger W. Burdette, Editor