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The Collaborative International Dictionary
Alferes

Alferes \Al*fe"res\, n. [Sp., fr. Ar. al-f[=a]rs knight.] An ensign; a standard bearer. [Obs.]
--J. Fletcher.

Wiktionary
alferes

n. (context obsolete English) An ensign; a standard-bearer.

Wikipedia
Alféres

Alféres was the Old Spanish and Portuguese equivalent of the modern Spanish word for the rank of alférez or ensign.