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slipknot (n.)

also slip-knot, 1650s, from slip (v.) + knot (n.). One which easily can be "slipped" or undone by pulling on the loose end of the last loop.

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Definitions of slipknot from WordNet

slipknot (n.)
a knot at the end of a cord or rope that can slip along the cord or rope around which it is made;
From wordnet.princeton.edu