A Lanyard is a stray or a cord is usually worn around the neck, wrist, or shoulder. It is also known as aiguillettes. Lanyards can be worn on the right shoulder, left shoulder. It is used in ceremonial Uniforms. The Army forces usually wear the lanyard as the piece of decoration with the ceremony uniforms. Mostly Soldiers wear Lanyards as part of the academic dress and also for the military uniform.