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Definition of ascot noun from the Oxford Advanced Learner's Dictionary

ascot

noun
 
/ˈæskɒt/
 
/ˈæskɑːt/
(North American English)
(also cravat British and North American English)
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  1. a short wide piece of silk, etc. worn by men around the neck, folded inside the collar of a shirtTopics Clothes and Fashionc2
    Word Originearly 20th cent.: from the place name Ascot, a town in southern England which holds a famous annual race meeting. This use occurred through association with formal dress at race meetings held there.
See ascot in the Oxford Advanced American Dictionary

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