–noun Also pendent.
1. a hanging ornament, as an earring or the main piece suspended from a necklace.
2. an ornament suspended from a roof, vault, or ceiling.
3. a hanging electrical lighting fixture; chandelier.
4. that by which something is suspended, as the ringed stem of a watch.
5. a match, parallel, companion, or counterpart.
6. Also, pennant. Nautical. a length of rope attached to a masthead, the end of a yardarm, etc., and having a block or thimble secured to its free end.
It's an obscure use, but not inaccurate. I've always known what you were talking about but it's not unthinkable some folks might not understand.