stripe (n.1)

"a line or band in cloth," early 15c., from Middle Dutch or Middle Low German stripe "stripe, streak," from Proto-Germanic *stripan (source also of Danish stribe "a striped fabric," German Streifen "stripe"), cognate with Old Irish sriab "stripe," from PIE root *strig- "to stroke, rub, press" (see strigil). Of soldiers' chevrons, badges, etc., attested from 1827. Stripes for "prison uniform" is by 1887, American English.

stripe (n.2)

"a stroke or lash," early 15c., probably a special use of stripe (n.1), from the marks left by a lash. Compare also Dutch strippen "to whip," West Frisian strips, apparently cognate but not attested as early as the English word.

stripe (v.)

"ornament with stripes," early 15c., from stripe (n.1). Compare Middle Flemish stripen, Middle Low German and Middle Dutch stripen. Related: Striped; striping.

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Definitions of stripe from WordNet
stripe (n.)
an adornment consisting of a strip of a contrasting color or material;
Synonyms: band / banding
stripe (n.)
a piece of braid, usually on the sleeve, indicating military rank or length of service;
stripe (n.)
V-shaped sleeve badge indicating military rank and service;
they earned their stripes in Kuwait
Synonyms: chevron / stripes / grade insignia
stripe (n.)
a kind or category;
businessmen of every stripe joined in opposition to the proposal
stripe (n.)
a narrow marking of a different color or texture from the background;
a green toad with small black stripes or bars
Synonyms: streak / bar
stripe (v.)
mark with stripes;