Royal Ascot. a wide piece of material that a man wears loosely folded around his neck and inside his collar = cravat (Ascot town and racetrack in Berkshire, England)
Accessory; a wide scarf or necktie knotted so that its broad ends are laid flat upon each other Often pinned together with a pearl stickpin, and usually worn with a cutaway tuxedo Today all ascots are banded for ease of use